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What is the correct reason for calling management principles experience-based?

Answer and explanation

Correct answer: They develop from real managerial practice and observation

Management principles are called experience-based because they emerge from repeated observation, practical managerial work and the study of what tends to succeed or fail in organisations. Managers and management thinkers generalise useful lessons from such experience and express them as broad guidelines. Option A correctly identifies real practice and observation as the foundation. Option B is wrong because principles are not products of unsupported imagination. Option C substitutes unreliable rumours for evidence, while option D is irrelevant to management knowledge. Experience-based does not mean that every principle works identically in every case; it means that the principle has an empirical and practical basis that still requires intelligent application.

Related tags

Management PrinciplesExperience-BasedObservationNature Of Management PrinciplesPrinciples Of ManagementBusiness StudiesClass 12 Mcq

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