Question

The principles of management are significant because of :

Options

• Providing managers with useful insights into reality.

• Optimum utilization of resources and effective administration.

• Meeting changing environment requirements.

• All of the above.

Answer 1

All of the above.

Explanation -

The implementation of management principles aids managers in making the best decisions at the correct moment. Managers can focus on making the best use of available resources in order to create productive results at a low cost and maximise revenues by implementing management concepts. They also assist managers in meeting the ever-changing demands of their settings.