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
Correct Answer: Effective administration.
Solution : Effective administration necessity impersonalisation of managerial conduct so that managerial power is used with due discretion. Principles help in better administration by discouraging personal prejudices and adopting an objective approach.
Hence, Option B is correct.
