Question : Assertion: Fayol's principles of management form a guideline for managerial decision-making.
Reason: They provide a framework for effective management practices.
Option 1: Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.
Option 2: Both are correct, but the reason is not the correct explanation.
Option 3: The assertion is correct, the reason is incorrect.
Option 4: The assertion is incorrect, the reason is correct.
Correct Answer: Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.
The assertion that Fayol's principles of management form a guideline for managerial decision-making is correct. Fayol's principles, also known as Fayol's 14 principles of management, are fundamental guidelines for managerial decision-making and organizational behavior.
The reason provided, stating that they provide a framework for effective management practices, is also correct. Fayol's principles do indeed offer a framework that assists in achieving effective and efficient management practices within an organization.