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.
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?
Question : The management principles are flexible to adapt to dynamic business environment. The given statement shows which significance of principles of management?
Question : They must be timely realistic and subject to measurement and evolution. Which significance of management is being discussed here?
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 : Management principles provide an effective and dynamic leadership and help the organisation to implement the changes. The given statement shows of which significance of principle of management?
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