Question

Which of the following statements correctly describe the significance of Principles of Management?

• A. Only A, B, and D
• B. Only B, C, and D
• C. Only A, C, and D
• D. All of the above

Hint:

Principles of Management promote efficient administration, adaptability, and provide the foundation for management learning — NOT personal instinct.

Answer 1

The Correct Option is B

* Statement A is incorrect: Principles of management encourage logical and scientific decision-making, not reliance on personal judgment or instinct.
* Statement B is correct: They help optimize the use of resources and ensure effective management administration.
* Statement C is correct: Principles are flexible guidelines that can be adapted to fit changing business environments, not rigid rules.
* Statement D is correct: They form the theoretical basis for management education and training.