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Subjects

Business Studies

Significance of management principles

In this Class 12 Business Studies topic from the chapter Principles of Management, students learn why management principles are essential for guiding managerial decisions and actions. The topic explains how these principles help improve efficiency, make better use of resources, support informed decision-making, help organisations respond to changing business conditions, and promote responsible management. It also shows their value in management education, training, and research.

Easy · Level 1 · 25 questions

Practice questions

01What can improve in an organisation with the help of principles of management?

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02Understanding principles of management helps a manager avoid what?

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03Principles of management help a manager avoid what?

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04What type of thinking do principles of management promote?

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05What is one major significance of management principles?

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06How do management principles help in use of resources?

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07How are management principles helpful in scientific decision making?

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08What is the significance of management principles in a changing environment?

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09How do management principles help in social responsibility?

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10Why are management principles useful in training?

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11How do management principles help in effective administration?

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12What is the main reason wastage reduces through management principles?

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13Which option states the correct significance of management principles?

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14What benefit does a manager get from management principles in understanding real business situations?

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15What benefit does an organisation get from scientific decision making?

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16If principles help a manager understand changing customer needs which significance is shown?

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17What is the contribution of management principles in education and research?

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18Which example shows optimum utilisation of resources?

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19If a manager uses principles to apply rules fairly what benefit is gained?

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20How do management principles reduce guess based decisions?

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21Which option is a correct example of social responsibility?

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22How can management principles increase managerial efficiency?

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23If an organisation avoids duplication of resources based on principles which significance is it?

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24In which situation are requirements of changing environment met?

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25With the help of management principles a manager can give better instructions to employees. This is related to which benefit?

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