Target Exam

CUET

Subject

Business Studies

Chapter

Principles of Management

Question:
How are principles of management have been formed?
Options:
By experiences of customers
By propagation of social scientists
By experiences of managers
All of the above
Correct Answer:
By experiences of managers
Explanation:
The principles of management are formed by experience and collective wisdom of managers as well as experimentation. For example, it is a matter of common experience that discipline is indispensable for accomplishing any purpose. This principle finds mention in management theory. On the other hand, in order to remedy the problem of fatigue of workers in the factory, an experiment may be conducted to see the effect of improvement of physical conditions to reduce stress.