Principles of Management
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Questions and Answers

What is the primary purpose of a principle in management?

  • To provide a framework for decision-making
  • To predict the success of a company
  • To provide a guide to thought or action (correct)
  • To determine the exact cost of a project
  • What is the primary similarity between management principles and a table of materials' strengths and weaknesses?

  • Both are only applicable to small organizations
  • Both are only relevant to civil engineering
  • Both are based on exact scientific formulas
  • Both have been developed through years of experience and testing (correct)
  • What is a characteristic of good management principles?

  • They are only applicable to small organizations
  • They are flexible and take into account particular differences (correct)
  • They are based on exact scientific formulas
  • They are only relevant to the manufacturing industry
  • What is an example of a management principle?

    <p>For maximum managerial efficiency, total costs should be kept to a minimum</p> Signup and view all the answers

    Why should management principles be consistent?

    <p>So that for similar sets of circumstances, similar results will occur</p> Signup and view all the answers

    What is the primary difference between management principles and other guidelines?

    <p>Management principles are practical and can be applied almost anytime</p> Signup and view all the answers

    What is the primary function of a principle?

    <p>To provide a guide to thought or action</p> Signup and view all the answers

    What is the basis of management principles?

    <p>Years of experience and testing</p> Signup and view all the answers

    What is the primary characteristic of a practical management principle?

    <p>It is applicable almost anytime in the organization's life</p> Signup and view all the answers

    What should total costs be kept to for maximum managerial efficiency?

    <p>A minimum</p> Signup and view all the answers

    What is the primary benefit of using management principles?

    <p>To predetermine safe, allowable outcomes</p> Signup and view all the answers

    What should management principles take into account when applied?

    <p>Particular differences or changes in the conditions</p> Signup and view all the answers

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