Question

The principles of management are significant because of ______.

Options

• All of these.

• Meeting changing enviornment requirements.

• Scientific decisions

• Optimum utilisation of resources

Answer 1

All of these.

Explanation:

Principles of management are significant or important because of the following reasons:

1. Providing managers with useful insights into reality.
2. Optimum utilisation of resources and effective administration.
3. Scientific decisions.
4. Meeting changing environment requirements.
5. Fulfilling social responsibility.
6. Management training, education and research.