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 : Principles of management limit the boundary of managerial discretion so that the decisions may be free from personal prejudices and biases. The given statement tells us about which significance of principles of management?

Option 1: Providing managers with useful insights into reality.

Option 2: Effective administration.

Option 3: Scientific decisions.

Option 4: Meeting changing environment requirements

Question : Management principles help in thoughtful decision making they emphasis logic rather than blind faith. The given statement tells us which significance of principles of management?

Option 1: Meeting changing environment requirements.

Option 2: Scientific decisions

Option 3: Optionalisation utilization of resources

Option 4: None of the above

Question : It will enable managers to learn from past mistakes and conserve time by solving recurring problems quickly. The given statement shows which significance of principle 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 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.