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 scientists

Answer 1

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. That is, the experiences of the managers form the basis of the principles of management.