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
Correct Answer: Providing managers with useful insights into reality.
Solution :
Providing managers with useful insights into reality
The principles of management improve knowledge ability and understanding of managers. They also provide timely guidance which help in increasing the efficiency of managers.
Hence, Option C is correct.
