Question

How are principles of management formed?

Options

• In a laboratory

• By experiences of managers

• By experiences of customers

• By propagation of social scientists

Answer 1

By experiences of managers

Explanation -

Management principles evolved over time as a result of managers' experiences and observations. In real-world business organisations, every manager faces a variety of situations. Based on their experiences, they draw broad conclusions and inferences that guide their actions and decisions in future situations. That is, the managers' experiences serve as the foundation for management principles.