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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Providing managers with useful insight into reality
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Cause and effect relationship
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Scientific decisions
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optimum utilization of resources
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Detailed explanation-1: -The principle of management equips the managers to foresee the cause and effect relationship of their decision and actions. As such the wastage associated with a trial and error approach can be minimized.
Detailed explanation-2: -Principles equip the managers to foresee the cause and effect relationships of their decisions and actions. As such the wastages associated with a trial-and-error approach can be overcome. Effective administration necessitates impersonalisation of managerial conduct so that managerial power is used with due discretion.
Detailed explanation-3: -Principles of management indicate cause and effect relationship between related variables. They indicate what will be the consequence or result of certain actions. Therefore, if one is known, the other can be traced.
Detailed explanation-4: -Based on Cause and Effect: The principles of management tell the likely effect if a certain principle is applied.