Question:

Consider the following facts about management: A. Efficiency and effectiveness both terms have similar meaning.
B. Effectiveness and efficiency both terms do not have similar meaning.
C. Management has four dimensions.
D. Management has three dimensions.
E. Principles of management are not as exact as the Principles of Science. Choose the correct answer from the options given below:

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When studying management theories, focus on the specific definitions of terms like efficiency and effectiveness, as their meanings can vary based on context.
Updated On: Apr 24, 2025
  • A, B, C only
  • A, D, C only
  • B, D, E only
  • A, B, E only
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The Correct Option is D

Solution and Explanation

- Statement (A): Efficiency and effectiveness have similar meanings in some contexts, but in management theory, they are often considered distinct.
- Statement (B): This is true because effectiveness refers to achieving goals, while efficiency refers to how well resources are used.
- Statement (C): Management is generally discussed with more than three dimensions.
- Statement (D): This is false because management often has more than three dimensions.
- Statement (E): Principles of management are often considered more flexible and adaptable compared to scientific principles.
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