Question

Principles of management provide managers with useful insights into reality. Which of the following statements explain this appropriately?

Options

• Adds to managerial knowledge

• Enables managers to learn from past mistakes

• Helps managers conserve time by solving recurring problems quickly

• All of the above

Answer 1

All of the above

Explanation -

Management concepts give managers with important insights into real-world problems. Their knowledge, aptitude, and comprehension of managing situations and conditions will improve if they follow these concepts. It will also allow managers to learn from past mistakes and save time by promptly resolving reoccurring issues.