Question : These principles enable refinment of Management practices as well as by facilitating the development of new management techniques. The given statement shows which significance of principles of management?
Option 1: Fulfilling social responsibility
Option 2: Management training education and research
Option 3: Scientific decisions
Option 4: None of the above
Correct Answer: Management training education and research
Solution : The principles help to increase knowledge and are used as a basis for management training education and research.
Hence, Option B is correct.