Principles of Management are important and useful on account of the following reasons: 1. To increase…
Principles of management serve as fundamental guidelines for managerial action and are valuable for all five stated reasons: increasing managerial efficiency (1), fulfilling…
Choose your answer
Principles of Management are important and useful on account of the following reasons:
1. To increase managerial efficiency
2. To attain social objectives
3. To train managers
4. To improve research
5. To coordinate material and human resources
Answer and explanation
Correct answer D
Principles of management serve as fundamental guidelines for managerial action and are valuable for all five stated reasons: increasing managerial efficiency (1), fulfilling corporate social objectives (2), providing a structured body of knowledge to train managers (3), advancing management research (4), and effectively coordinating material and human resources (5).
Practice for these exams
-
UGC NET Commerce