Correct Answer: Development of each person to their greatest efficiency

Solution : The correct answer is (b) Development of each person to their greatest efficiency

Development of each person to their greatest efficiency principle emphasizes enhancing employee skills and capabilities to help them reach their maximum potential and efficiency. Providing opportunities for skill development and growth aligns with this principle.

In summary, ABC Pharmaceuticals providing opportunities for skill development and growth aligns with the principle of "Development of each person to their greatest efficiency," which emphasizes enhancing employee skills and capabilities to achieve their maximum potential and efficiency within the organization.

Correct Answer: Government policies

Solution : The correct answer is (C) Government policies

The business environment factor affecting ABC Ltd. in this case is government policies. The challenges the company faces in meeting government regulations related to packaging and waste management are directly related to regulatory policies set by the government.

Correct Answer: Taking corrective action.

Solution : The correct answer is (d) Taking corrective action.

In the controlling process, taking corrective action involves identifying the causes of deviations from established performance standards and taking steps to address and rectify those deviations. It is the step where the management team at EFG Manufacturing would investigate the reasons behind any performance shortfalls and implement solutions to improve productivity and resource utilization.

Dear Aspirant!

Choosing hotel management has several benefits:

1. D iverse Career Opportunities: It opens doors to various roles in the hospitality industry, including hotel operations, event management, catering, and more.

2. Global Opportunities: Hotel management skills are in demand worldwide, providing opportunities to work internationally.

3. Customer Interaction: If you enjoy interacting with people, the hospitality industry allows you to engage with diverse clientele.

4. Skill Development: You develop skills in communication, problem-solving, time management, and teamwork, which are valuable in any career.

If you have 1 year of experience in hotel management after completing 12th, it can be beneficial:

1. Practical Exposure: Experience adds practical knowledge, making you more attractive to employers.

2. Networking: You likely build a network within the industry, which can open doors to better opportunities.

3. Skill Refinement: Your skills get honed through real-world experience, making you more confident in your abilities.

It's worth considering if you enjoy the industry, and your experience enhances your skills and professional network.

Correct Answer: Allocating resources and assigning tasks

Solution : The correct answer is (c) Allocating resources and assigning tasks

Organizing in management is the process of arranging resources (such as human resources, finances, and physical assets) and assigning tasks and responsibilities to achieve the organization's objectives efficiently and effectively. This function involves creating a structure, coordinating activities, and ensuring that resources are utilized in a way that aligns with the organization's goals. Guiding and motivating employees is part of the leading function, setting performance standards is related to the controlling function, and monitoring employee performance is also part of the controlling function.

Correct Answer: Guiding and motivating employees to achieve organizational goals
 

Solution : The correct answer is (b) Guiding and motivating employees to achieve organizational goals

Leading is the management function that focuses on inspiring, guiding, and motivating employees to work towards the achievement of the organization's objectives. It involves creating a positive work environment, communicating a clear vision, and supporting and developing employees to help them reach their full potential. Setting performance standards and measuring actual performance and monitoring and evaluating employee performance are typically part of the controlling function of management. Assigning tasks and responsibilities to employees is related to the organizing function.

Correct Answer: Unity of command

Solution : According to the principal is the subordinate should receive orders and be accountable to one and only one superior. If a subordinate receives orders from more than one superior he will find it extremely difficult to decide as to whom he has to obey first.

Hence, option A is correct.

Correct Answer: Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.

Solution : The correct answer is (a) Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.

The assertion that scientific management principles aim to optimize worker output is correct. Scientific management, as advocated by Frederick Taylor, aims to optimize productivity and efficiency by scientifically analyzing and organizing tasks, ensuring the best methods are employed to achieve maximum output.

The reason provided, stating that it promotes standardization and specialization in tasks, is also correct. Scientific management indeed promotes standardization and specialization to streamline processes, reduce inefficiencies, and optimize worker performance.

Both the assertion and the reason are correct, and the reason effectively explains why scientific management principles aim to optimize worker output through standardization and specialization.