GENERAL KNOWLEDGE

Detailed explanation-1: -Division of Labor. Party of Authority and Responsibility. Discipline. Unit of Command. Unity of Direction. Subordination of Individual Interest. Remuneration. Degree of Centralization. More items •17-Jul-2018

Detailed explanation-2: -In life there are essentially four decision making principles that give us an idea about how much influence we can have in different situations. These four principles are: Given, Input, Negotiate and Self. Many things in life can cause us distress.

Detailed explanation-3: -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.

Detailed explanation-4: -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-5: -Principles of management help managers in taking decisions scientifically as the knowledge of management principles enables managers to learn the cause and effect relationship between variables operating in the organisation.