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What is the place of practice in the nature of management principles?

Answer and explanation

Correct answer: Basis for the development of principles

Management principles develop through practical experience, observation and repeated application. Therefore, practice provides the basis for developing and refining principles. The option stating that practice obstructs decision-making is incorrect because principles help make decisions more systematic. Exam tip: remember that management principles are general guidelines derived from experience and practice.

Related tags

Management PrinciplesNature Of ManagementPractical ExperienceBusiness Studies Class 12Principles Of ManagementNature Of Management PrinciplesBusiness StudiesClass 12 Mcq

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