Quiz on Principles of Management

What do principles of management provide to managers?

• Increased costs

• Useful Insight

• Limited resources

• Confusion in decision making

Which of the following is NOT a significance of management principles?

• Universal Applicability

• Scientific Decisions

• Inflexibility

• Meeting Changing Environmental Requirement

What is the nature of management principles?

• Rigid and fixed

• General Guidelines

• Only theoretical

• Strictly financial

Which principle emphasizes the importance of flexibility?

• General Guidelines

• Contingent

• Scientific Decisions

• Behavioural

How are management principles formed?

• By individual opinions

• By strict laws

• By Practice and Experimentation

• By random guessing

What does 'optimum utilisation of resources' refer to?

• Wasting resources

• Overutilization

• Effective Administration

• Ignoring resources

Which of the following is a characteristic of management principles?

• Only for financial management

• Mainly Behavioural

• Only applicable in large organizations

• Static and unchanging

What is one of the roles of management training?

• To confuse employees

• To increase costs

• To fulfill social responsibility

• To limit decision making

Which principle relates to the relationship between cause and effect?

• Contingent

• Scientific Decisions

• Flexibility

• General Guidelines

What is a key aspect of fulfilling social responsibility?

• Reducing employee benefits

• Maximizing profits only

• Meeting environmental requirements

• Ignoring community needs