Question

How are principles of management formed?

• A. In a laboratory
• B. By experiences of managers
• C. By experiences of customers
• D. By propagation of social scientist

Answer 1

The correct option is B By experiences of managers

Principles of management were developed over years by experiences and observations of the managers. Every manager faces varying situations in real business organisations. Based on these experiences, they draw general conclusions and inferences that guide them in their action and decision making in similar situations.