Question
What does the management principle, "Principle of Order"
developed by Henry Fayol signify?Solution
Henri Fayol, a French management theorist, propounded the 14 principles of management and published in his book āAdministration industrielle et generaleā. One of the 14 principles is āprinciple of orderā which meant that people and materials and other resources must be in suitable places at appropriate time so as to maximise efficiency by ensuring the proper use of resources in a structured fashion. Misplacement of any of these resources will lead to misuse and disorder in the organization.Ā The other principles given by Henri Fayol included Division of Work, Balancing Authority and Responsibility, Discipline, Unity of Command, Unity of Direction, Subordination of Individual Interests to the General Interest, Remuneration, Centralization, Scalar Chain, Equity, Stability of Tenure of Personnel, Initiative, Esprit De Corps.
The Advertisement of a Prospectus of a company shall specify therein the _____________
āA legal mechanism used to resolve disputes through the aid of a neutral third party given the authority of making a legally binding decision.ā Is: ...
In Islamic divorce law, what is the process of khula?Ā
In which of the following cases can courts intervene in an arbitral proceeding?
Which section of the Companies Act lays down provisions relating to document containing offer of securities for sale to be deemed prospectus?
OASIS with reference to PFRDA Act stands for_____________
An act done by a person bound by law or by mistake of fact believing himself bound by law is:
In the absence of any provision by contract between the partners for the duration or determination of their partnership, what type of partnership is it?
A relevant confession becomes irrelevant when
As laid down under the Insurance Act the duration of the Executive Committee of the Life Insurance Council or the General Insurance Council is _________...