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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The principles of management have evolved
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The principles of management are yet to be evolved
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The principles of management are in the continuous process of evolution
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None of the above
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Detailed explanation-1: -(c) The principles of management are in the continuous process of evolution. (d) None of the above. Explanation: (c) Principles of Management are said to be evolutionary in nature as these principles have evolved over a long period of time with continuous practice and experimentation.
Detailed explanation-2: -The Principles of Management emphasise logical decision making and avoiding bias or prejudice at all costs.
Detailed explanation-3: -Answer: b. Q11: Which of the following statement justifies understanding of Principles of Management helps in taking scientific decisions: Adherence to these principles add to knowledge and understanding of managerial situations.
Detailed explanation-4: -Answer: (a) Stability of personnel.
Detailed explanation-5: -Subordination of Individual Interest to Mutual Interest-The management must put aside personal considerations and put company objectives firstly. Therefore the interests of goals of the organization must prevail over the personal interests of individuals.