Question : Employees turnover should be minimised to  to maintain organisational efficiency. Which of the following principles of management is being highlighted in the given statement?

Option 1: Stability of personnel

Option 2: Initiative

Option 3: Esprit de cops

Option 4: Equity

Question : Concern for conservation of time, money and effort.
Which competencies of entrepreneurship is highlighted here?
 

Option 1: Persistence
 

Option 2: Information seeking
 

Option 3: Concern for high quality of work
 

Option 4: Efficiency orientation
 

Question : Which of the following are the competencies of entrepreneurship?
 

Option 1: Efficiency orientation
 

Option 2: Systematic planning
 

Option 3: Assertiveness
 

Option 4: All of the above.
 

Question : Case Study:

ABC Manufacturing believes in developing each employee to their greatest efficiency. The management provides training and opportunities for skill enhancement. Which of the following statements best describes the principle of "Development of each person to their greatest efficiency"?

Option 1: Employees should be encouraged to improve their skills and knowledge.

Option 2: Employees should be assigned tasks based on their expertise.

Option 3: Employees should be fairly compensated for their efforts.

Option 4: Employees should be treated with respect and dignity.

Question : Statement 1: Entrepreneurship development leads to increased competition and market efficiency.

Statement 2: New businesses entering the market create choices for consumers and encourage existing firms to improve.

Option 1: Both statements are true.
 

Option 2: Statement 1 is true, but statement 2 is false.
 

Option 3: Statement 2 is true, but statement 1 is false.

Option 4: Both statements are false.