Question : Which of the following statement is correct regarding the significance of principle of management?
Option 1: They emphasis the blind faith.
Option 2: These principles provide basic ground work for the development of Management as a discipline.
Option 3: The entrance to management institute is free.
Option 4: None of the above.
Correct Answer: These principles provide basic ground work for the development of Management as a discipline.
Solution :
These principles provide basic ground work for the development of Management as a discipline.
Principles provide broad guidelines which help in testing human behaviour understanding it and predicting the outcomes for future. The principles help to increase knowledge and are used as a basis for management training education and research.
Hence, option B is correct.
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