Question : When decision making authority is retained organisation is said to be by higher management level an __________.

Option 1: Decentralised 

Option 2: Centralised 

Option 3: Fragmented 

Option 4: None of the above 

Question : In many organisations, the top management actively participates in making all decisions, while in some, even the lower levels of management have this authority. Because decision-making power is shared with lower levels, those levels are positioned close to the action. The statement "Decision making authority is shared with lower levels and is therefore located nearest to the points of action" highlights a management approach.

Option 1: Authority

Option 2: Delegation

Option 3: Accountability

Option 4: Decentralisation

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 : 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.