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
Correct Answer: Meeting changing environment requirements
Solution : The principles are in the nature of general guidelines but they are modified and as such help managers to meet changing requirements of the environment.
Hence, Option D is correct.
Question : Decisions must be based on facts thoughtful and justifiable in terms of the intended purpose. The given statement shows which significance of principles of management?
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?
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?
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?
Question : The resources should be put to use in such a manner that they should give maximum benefit with minimum cost. The given statement tells us about which significance of principal of management?
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