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?
Option 1: Optimum utilisation of resources
Option 2: Effective administration
Option 3: Scientific decisions
Option 4: Meeting changing environment requirements
Correct Answer: Scientific decisions
Solution : Decisions based on management principles tend be more realistic and free from personal bias. They must be timely realistic and subject to measurement and evolution.
Hence, Option C is correct.
Question : The management principles are flexible to adapt to dynamic business environment. The given statement shows 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 : Which of the following statement is incorrect regarding the 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 : 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?
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