Question : The management principles are flexible to adapt to dynamic business environment. The given statement shows which significance of principles of management?

Option 1: Scientific decisions

Option 2: Effective administration

Option 3: Optimum utilisation of resources

Option 4: Meeting changing environment requirements 

Question : Management principles help in thoughtful decision making they emphasis logic rather than blind faith. The given statement tells us which significance of principles of management?

Option 1: Meeting changing environment requirements.

Option 2: Scientific decisions

Option 3: Optionalisation utilization of resources

Option 4: None of the above

Question : Which of the following statement is incorrect regarding the significance of principles of management?

Option 1: Decisions must be based on facts thoughtful and justifiable  in terms of the intended purpose.

Option 2: They must be timely realistic and subject to measurement and evaluation.

Option 3: Management decisions taken on the basis of principles have biasness and prejudice.

Option 4: None of the above

Question : Principles of management limit the boundary of managerial discretion so that the decisions may be free from personal prejudices and biases. The given statement tells us about which significance of principles of management?

Option 1: Providing managers with useful insights into reality.

Option 2: Effective administration.

Option 3: Scientific decisions.

Option 4: Meeting changing environment requirements

Question : It will enable managers to learn from past mistakes and conserve time by solving recurring problems quickly. The given statement shows which significance of principle of management?
 

Option 1: Optimum utilisation of resources and effective administration.

Option 2: Meeting changing  environment requirements.

Option 3: Providing managers with useful insights into reality.

Option 4: None of the above