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Question 18 of 38
Q.

Match the correct pairs:

Group ‘A’Group ‘B’
(a)Henry Fayol(1)It is the process of instructing, guiding, communicating and motivating
(b)Directing(2)Scientific Management theory
(c)Responsibility towards Government(3)It is the process of recruiting, selecting, placing and remunerating
(d)Digital cash(4)To earn profit
(e)Monopoly(5)Respecting rules and regulations
(6)Exist only in cyber space
(7)Exist everywhere
(8)Single buyer
(9)Modern management theory
(10)Single seller
Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2023Subjective· 5mImportance★★★★★
47% · 18/38 Questions
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The correct matches are (a)–(9), (b)–(1), (c)–(5), (d)–(6) and (e)–(10). Each Group 'A' item is linked to the description in Group 'B' that correctly defines it.

Group 'A'Group 'B'Reason
(a) Henry Fayol(9) Modern management theoryFayol is regarded as the father of modern (administrative) management theory and gave the 14 principles of management. (Taylor gave the Scientific Management theory, option 2.)
(b) Directing(1) It is the process of instructing, guiding, communicating and motivatingDirecting is the management function of leading and motivating employees to work towards goals. (Option 3 defines Staffing.)
(c) Responsibility towards Government(5) Respecting rules and regulationsA business fulfils its responsibility to the government by obeying laws, respecting rules and paying taxes honestly.
(d) Digital cash(6) Exist only in cyber spaceDigital (electronic) cash has no physical form; it exists only in electronic/cyber space and is used for online payments.
(e) Monopoly(10) Single sellerA monopoly market is one where there is a single seller who controls the supply of a product. (A single buyer, option 8, is a monopsony.)
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