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Question : The principles of management provide:

 

Option 1: A standardized approach to decision-making

Option 2: Flexibility in decision-making

Option 3: Ethical guidelines for organizations

Option 4: Industry-specific strategies


Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 13th Jan, 2024

Correct Answer: A standardized approach to decision-making


Solution : The correct answer is (a) A standardized approach to decision-making.

The principles of management offer a standardized approach or framework for making decisions within an organization. They provide managers with guidelines, concepts, and techniques that can be applied to various decision-making situations. These principles help managers make informed and consistent decisions based on established best practices and proven methods. The principles provide a foundation for decision-making processes and help ensure that decisions align with organizational goals, objectives, and values.

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