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Subjects
Class 12Business StudiesPrinciples of ManagementSignificance of management principlesHardLevel 35
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Statement one says principles help fulfil social responsibility. Statement two says they teach neglect of stakeholders. Choose the correct option.

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Answer and explanation

Correct answer: First is correct second is incorrect

The first is correct and the second is wrong because principles guide responsible behaviour. Exam tip: treat stakeholder neglect as wrong.

Related tags

SignificanceSocial-ResponsibilityAssertion

Frequently asked questions

What is the correct answer to this question?

First is correct second is incorrect

Why is this the correct answer?

The first is correct and the second is wrong because principles guide responsible behaviour. Exam tip: treat stakeholder neglect as wrong.

Which subject and chapter does this question cover?

This is a Class 12 Business Studies question. Chapter: Principles of Management. Topic: Significance of management principles.

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10 more MCQs
  1. 1Why is blind following of principles wrong even when management is called a science?
  2. 2What can improve in an organisation with the help of principles of management?
  3. 3Understanding principles of management helps a manager avoid what?
  4. 4What is the main use of management principles?
  5. 5Principles of management help a manager avoid what?
  6. 6What type of thinking do principles of management promote?
  7. 7Which statement correctly shows the usefulness of management principles?
  8. 8Which quality in decision making develops most by learning management principles?
  9. 9What is one major significance of management principles?
  10. 10How do management principles help in use of resources?
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