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.
Question : They must be timely realistic and subject to measurement and evolution. Which significance of management is being discussed here?
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?
Question : The management principles are flexible to adapt to dynamic business environment. The given statement shows which significance of principles of management?
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 help in thoughtful decision making they emphasis logic rather than blind faith. The given statement tells us which significance of principles of management?
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