Question : The management principles are flexible to adapt to dynamic business environment. The given statement shows which significance of principles of management?
Option 1: Scientific decisions
Option 2: Effective administration
Option 3: Optimum utilisation of resources
Option 4: Meeting changing environment requirements
Answer (1)
22nd Jan, 2024
Correct Answer: Meeting changing environment requirements
Solution : The principles are in the nature of general guidelines but they are modified and as such help managers to meet changing requirements of the environment.
Hence, Option D is correct.
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