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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taking initiative
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adapting to new technology
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employee satisfaction
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optimum utilisation of resources
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Detailed explanation-1: -Principles of management help in predicting the cause and effect relationship of the decisions of the managers. Thus, the wastages of resources that may be associated with the hit and trail method can be avoided. Thus, principles of management are significant because of optimum utilisation of resources.
Detailed explanation-2: -Importance of Principles of Management: The application of principles of management helps the managers to take right decisions at the right time. These principles of management help managers to tackle the diverse problems in a dynamic business environment.
Detailed explanation-3: -Management principles are helpful in the optimum utilization of resources.
Detailed explanation-4: -Answer: Management ensures the optimum use of resources. Explanation: Management ensures the optimum use of resources.