Question : Which of the following statement is incorrect?
Option 1: Management principles are flexible to adapt to dynamic business environment.
Option 2: Management decisions taken on the basis of principles includes bias and prejudice.
Option 3: The principles of management provide the managers with useful insights into real world situations.
Option 4: None of the above
Correct Answer: Management decisions taken on the basis of principles includes bias and prejudice.
Solution :
Management decisions taken on the basis of principles include bias and prejudice.
Decisions based on management principles tend to be more realistic and free from personal bias. Principles of management have been developed after repeated experimentations.
Hence, Option B is correct.
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