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Earn 100

State the meaning of principles of management.
(a)They are strict rules to follow in business.
(b)They are flexible guidelines for decision-making and behavior.
(c)They are methods of increasing profits.
(d)They are techniques of problem-solving.

100% studentsanswered this correctly
Important Questions on Principles of Management
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Explain the concept of a production function.

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Which of the following is an example of a financial objective of management?

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What is meant by a debenture?

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Which management principle suggests the need for fairness and consistency in employee treatment?

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What is the law of variable proportions?

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Which style of leadership does not believe in use of power unless it is absolutely essential?

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What is the main focus of the 'Scalar Chain' principle in management?

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What principle of management promotes flexibility in adapting management styles to suit varying situations?

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What is informal communication?

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What does it mean to issue debentures at a discount and redeemable at a premium?

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What is the total product of an input?

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What is the law of diminishing marginal product?

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Explain the concepts of the short run and the long run.

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Distinguish between training and development.

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What does a bearer debenture mean?

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Explain the relationship between the marginal products and the total product of an input.

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Which principle of management stresses the importance of having a plan and coordinating efforts to achieve objectives?

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What is the meaning of ‘Debentures issued as a collateral security’?

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What does ‘Issue of debentures for consideration other than cash’ mean?

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Explain the significance of Taylor's Scientific Management.

