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.

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 

Question : They must be timely realistic and subject to measurement and evolution. Which significance of management is being discussed here?

Option 1: Providing managers with useful insights into reality
 

Option 2: Meeting changing environment requirements
 

Option 3: Effective administration
 

Option 4: Scientific decisions

Question : Decisions must be based on facts thoughtful and justifiable in terms of the intended purpose. The given statement shows which significance of principles of management?

Option 1: Optimum utilisation of resources

Option 2: Effective administration

Option 3: Scientific decisions

Option 4: Meeting changing environment requirements

Question : Management principles provide an effective and dynamic leadership and help the organisation to implement the changes. The given statement shows of which significance of principle of management?

Option 1: Scientific decision

Option 2: Meeting with changing in environmental requirements.

Option 3: Providing managers with useful insights into reality

Option 4: None of the above.