Question : Which of the following statement is incorrect?

Option 1: Management principles are flexible to adapt to dynamic business environment.

Option 2: Management decisions taken on the basis of principles includes bias and prejudice.

Option 3: The principles of management provide the managers with useful insights into real world  situations.
 

Option 4: None of the above

Question : Instead of fighting for dividing the surplus or profit, management and workers should coo- perate to increase it. Which of the following principles of scientific management is being highlighted in the given statement?
 

Option 1: Cooperation not individualism
 

Option 2: Harmony not discord
 

Option 3: Science not rule of thumb
 

Option 4: None of the above

Question : Which of the following statement is correct?
Statement 1- The aim of both Henry and Taylor principal is to secure maximum from available resources.
Statement 2- Taylor’s contribution is expressed as scientific management.
 

Option 1: Both are true 
 

Option 2: Both are false 
 

Option 3: Statement 1 is true and statement 2 is false.
 

Option 4: Statement 2 is true and statement 1 is false.
 

Question : Value to the customer and care for the environment comes under which significance of principles of management?
 

Option 1: Effective administration

Option 2: Fullfiling social responsibility

Option 3: Scientific decisions

Option 4: None of the above

Question : Statement 1: The management principles used in multinational companies are the same as those used in domestic companies.

Statement 2: Multinational companies require different management principles due to their diverse operations.

Option 1: Both statements are true
 

Option 2: Both are incorrect
 

Option 3: Statement 1 is true, and Statement 2 is false.

Option 4: Statement 1 is false, and Statement 2 is true.