LIST I | LIST II |
---|---|
A. Unity of command | III. Only one boss for every individual employee |
B. Remuneration | I. Pay and compensation should be fair to employees and organisation |
C. Equity | IV. Fairness to all employees |
D. Decentralisation | II. Distribution of decision making authority amongst many personnel |
Which of the following statements correctly describe the significance of Principles of Management?
A) Principles of Management provide a universal framework to guide managerial decisions and actions.
B) They are rigid rules that must be followed without any adaptation.
C) They help managers predict and control organizational outcomes effectively.
D) Principles of Management are only relevant for large organizations and not for small businesses.