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 : 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 : 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 : 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