Question

The principles of management are significant because of
(a) Increase in efficiency
(b) Initiative
(c) Optimum utilisation of resources
(d) Adaptation to changing technology

Answer 1

SOLUTION :

The principles of management are significant because of Optimum utilisation of resources

Among the given options option (c) Optimum utilisation of resources is the correct answer.

 

★★ Optimum utilisation of resources means the use of available resources in such a manner that costs are minimised and profits are maximized. Principles of management equip the managers to  see beforehand the outcomes of their decision and help them to save resources and achieve effective administration.

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