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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 7th Jan, 2024
Answer (1)
Team Careers360 21st 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 to decision-making by providing managers with fundamental concepts and guidelines. These principles serve as a framework that managers can use to analyze situations, gather relevant information, evaluate alternatives, and make informed decisions. They help ensure consistency and effectiveness in decision-making processes across different managerial roles and organizational contexts.

 

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