Read the following information and answer the question.

A managerial principle is a broad and general guideline for decision-making and behavior. For example, while deciding about promotion of an employee one manager may consider seniority, whereas the other may follow the principle of merit. The principles of management derive their significance from their utility. They provide useful insights to managerial behavior and influence managerial practices. Managers may apply these principles to fulfil their tasks and responsibilities. Principles guide managers in taking and implementing decisions. It may be appreciated that everything worthwhile is governed by an underlying principle. The quest of the management theorists has been and should be to unearth the underlying principles with a view to using these under repetitive circumstances as a matter of management habit. These principles enable refinement of management practices as well by facilitating the development of new management techniques. Thus, we see that techniques like Operations Research (OR), cost accounting, ‘Just in Time’, ‘Kanban’ and ‘Kaizen’ have developed due to further research on these principles. Thus, it can be said that understanding the meaning, nature and significance of principles of management will help us to appreciate their applicability in real life situations.

As we all know that management decisions are "Scientific decisions". How does the "Principles of management" help in thoughtful decision making?

Emphasize more on logic than blind faith

The correct answer is option 2- Emphasize more on logic than blind faith.

One of the significance of "Principles of management" is "Scientific decisions" i.e. decisions made in an organization must be based on facts, thoughtful and justifiable in terms of the intended purposes. They must be timely, realistic and subject to measurement and evaluation. Management principles help in thoughtful decision-making as they emphasize logic rather than blind faith. Management decisions taken on the basis of principles are free from bias and prejudice. They are based on the objective assessment of the situation.