"Management decisions taken on the basis of principles are free from bias and prejudice which are based on the objective assessment of the situation".

Which significance of Principles of Management is highlighted from the above statement?

Scientific decisions

The correct answer is option (3) : Scientific decisions

The significance of the Principles of Management highlighted in the given statement is Scientific decisions.

The statement emphasizes that management decisions based on principles are free from bias and prejudice, as they are grounded in objective assessment of the situation. This implies that decisions are made using logical reasoning and factual analysis rather than subjective opinions. Therefore, the principles of management facilitate scientific decision-making, ensuring that choices are made systematically and in alignment with organizational goals and objectives.

Scientific decisions: Decisions 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. They emphasise 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.