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?
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:
Optimum utilisation of resources and effective administration.
Solution : Principles facilitate optimum use of resources by coordinating the physical financial and human resources. It means that resources should be put to using such a way that they should be give maximum benefit with minimum cost.
Hence, Option A is correct.
