BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Observation
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Experimentation
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Practice
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All
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Detailed explanation-1: -(ii) On the basis of experimentation: All the principles of management establish a cause-and-effect relationship between variables, which means that they are developed on the basis of experimental studies.
Detailed explanation-2: -There are 14 Principles of Management described by Henri Fayol.
Detailed explanation-3: -TEXT Management: The word management derives from the Latin word manus (hand).
Detailed explanation-4: -Ans: Management principles are derived after observation, experimentation and practice by different managers. These principles evolved over a long period of time after continuous practicing and personal experiences of the managers in the past in real life situations.
Detailed explanation-5: -At the most fundamental level, management is a discipline that consists of a set of five general functions: planning, organizing, staffing, leading and controlling. These five functions are part of a body of practices and theories on how to be a successful manager.