CSEET · Business Laws and Management · Principles of Management and Modern Approaches
Consider the statements about Henri Fayol's contribution. I. He classified industrial activities into six groups, including technical, commercial, financial, security, accounting and managerial. II. His principles of management were meant to be rigid rules that cannot be adapted to circumstances. Which is correct?
Only statement I is correct. Fayol grouped industrial activities into technical, commercial, financial, security, accounting and managerial. His principles are not rigid; he stressed they are flexible and should be adapted to the situation, so statement II is false.
- AOnly I is correctCorrect
- BOnly II is correct
- CBoth I and II are correct
- DNeither I nor II is correct
Explanation
Fayol grouped business activities into six categories: technical, commercial, financial, security, accounting and managerial. Statement II is wrong because Fayol said his principles are flexible and must be applied according to circumstances, not treated as rigid rules.
Did you get it right without looking?
One question tells you little. A timed set on Principles of Management and Modern Approaches shows your real accuracy, how long you take and where you lose marks.
More Principles of Management and Modern Approaches questions
- Meridian Textiles in Surat uses linear programming and simulation to decide its production mix and inventory levels, relying on data models …
- At Sharma Textiles, the production head and the marketing head each separately instruct the same dispatch clerk, Meera, on priority orders, …
- The contingency (situational) approach to management is best described as the view that:
- Which statement correctly shows the relationship between planning and controlling?
- Match the contributor with the approach. (P) Elton Mayo; (Q) Max Weber; (R) Chester Barnard; (S) Frederick Taylor. Approaches: (1) Bureaucra…
- Match Taylor's techniques with their descriptions. I. Functional foremanship II. Differential piece-rate system III. Standardisation IV. Fat…