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.
Question : Value to the customer and care for the environment comes under which significance of principles of management?
Question : Which of the following statement is correct regarding the principles of management?
Question : Statement 1: The management principles used in multinational companies are the same as those used in domestic companies.
Statement 2: Multinational companies require different management principles due to their diverse operations.
Question : Instead of fighting for dividing the surplus or profit, management and workers should coo- perate to increase it. Which of the following principles of scientific management is being highlighted in the given statement?
Question : Instead of fighting for dividing the surplus or profit management and worker should corporate to increase it. Which of the following principles of scientific management is being highlighted in the given statement?
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