Principles of management are significant because of:- Question 13 options: Initiative Increase in efficiency Optimum utilization of resources Adaptation to changing technology

Answered: Principles of management are…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Related questions

Question

Principles of management are significant because of:-

Question 13 options:

	Initiative
	Increase in efficiency
	Optimum utilization of resources
	Adaptation to changing technology

Expert Solution

Step 1

Principles of management are framed by the encounters of administrators as It gives helpful Insights into the real world. It orchestrates the components of creation, gathers and coordinates the resources, incorporates the resources in a viable way to accomplish objectives. Management changes over confused resources of men, machines, cash, and so on.