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 : Case Study: XYZ Corporation

XYZ Corporation is a manufacturing company known for producing high-quality electronic devices. It is divided into three levels of management: top management, middle-level management, and lower-level management. The company's main objective is to expand its market reach and maintain a strong reputation for innovation and customer satisfaction.

XYZ Corporation's management team is known for its ability to adapt to changing market conditions and technology advancements. This demonstrates the management principle of:

Option 1: Unity of direction
    

Option 2: Scalar chain
   

Option 3: Initiative

Option 4: Flexibility

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