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 : 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 : 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 : 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 : 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