Q2 C of 14 Page 144

Answer each of the following questions in about four to five sentences.

Write about the authority and responsibility, scalar chain and centralization in principles of management.


The principle of authority and responsibility refers to the official authority and individual responsibility which is gathered through vast experiences, intelligence, moral worth etc.

Scalar chain tells that in every enterprise there should be graded authority or superior-subordinate relationship.


Centralisation refers to the extent to which the authority is concentrated, so that it gives overall yields.


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2 A

Answer each of the following questions in about four to five sentences.

What are the principles of management suggested by Henry Fayol?


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Answer each of the following questions in about four to five sentences.

What are the functional areas of management?


 2 D

Answer each of the following questions in about four to five sentences.

What is the need for decision making in management of business?


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Answer each of the following questions in about four to five sentences.

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