Principles of Management - Topic 1

Select the correct option :

Principles of management are not

• Universal

• Flexible

• Absolute

Answer explanation

Management principles are not rigid rather they are flexible in nature. It can be adjusted or modified as per changes in the business environment.

Management principles influence _________

• employees

• organisation

• government

Answer explanation

Management aims at achieving certain goal through a group of human being. The principles aim to influence and regulate human behaviour in order to achieve organisational goals.

Management principles are ______ in nature

• static

• limited

• universal

Answer explanation

The principles serve as general practical guidelines to the manager for making decisions, taking action and solving various problems systematically. These principles are universal and applicable everywhere.

Management Principles establish _______ relationship.

• social

• cause and effect

• legal

Answer explanation

The principle of management determine the cause or reason for particular effect. When a principle is applied to a particular situation it is known as ‘cause’ and the result of application of the principles is known as ‘effect’.

Find the odd one:

• Universal

• Flexible

• Rigid

• Fundamental truth

Give one word / phrase / term for the following statement:

The statement of fundamental truth of management

Answer explanation

Management principles are fundamental truths of general validity which have value in producing the result of managment action.

– Koontz and O’Donell

State whether following statement is true or false:

The principles of management are universal in nature.

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State whether following statement is true or false:

Management principles are applied differently under different situations.

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State whether following statement is true or false:

Only some principles of management are important.

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State whether following statement is true or false:

Principles of management are applicable to all types of organizations.

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