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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.

Hard · Level 6 · 25 questions

Practice questions

01If a company creates a return policy for customer safety and recalls defective products which significance is it?

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02If information flow between departments improves and decision delay reduces based on principles which significance is it?

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03Statement one says management principles form a basis for research. Statement two says research can develop new and better managerial methods. Choose the correct option.

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04If an organisation starts retraining employees after observing the changing skill market which significances are shown?

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05An institution clarifies responsibility but does not give authority. Through which benefit can study of principles correct this error?

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06In which situation are scientific decision and social responsibility shown together?

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07If an organisation sets work standards through principles but also improves them according to changing market which significances are shown together?

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08If decisions are made on a clear basis instead of only the owner's wish due to management principles which benefit is prominent?

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09Which option shows an advanced understanding of social responsibility?

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10If principles help a manager understand that unclear goals scatter efforts which significance is it?

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11If an organisation learns from last year's wrong purchase decision and makes a new purchase policy which significances are together?

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12A company sells old equipment and buys energy efficient equipment because energy cost is rising. This is an example of which significance?

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13Which statement shows the correct relation between effective administration and scientific decision?

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14If an organisation creates a less harmful product version after observing changing health awareness in society which significances are shown together?

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15If principles tell a manager that too much control may reduce employee initiative which significance is it?

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16If principle based training helps managers learn role allocation during crisis which significance is it?

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17Statement one says social responsibility includes care for stakeholders. Statement two says removing customer safety is an example of it. Choose the correct option.

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18If an organisation makes policy by considering objectives resources market change and social impact through principles what does this show?

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19If a hospital reduces patient waiting time and maintains service quality through principles which significance is main?

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20If a manager studies production report customer feedback and cost data before a decision which significance applies?

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21Which option gives a wrong meaning of education and research through management principles?

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22If a company runs an employee welfare programme which reduces resignations and improves image which significances are present?

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23If an organisation uses costly experts’ time according to clear priorities, which significance is shown?

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24Statement one says management principles help meet requirements of changing environment. Statement two says they always ask to ignore technological change. Choose the correct option.

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25If an institution reduces conflicts through role clarity and decisions become faster which significance is most appropriate?

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