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Which of the following statements is/are true with reference to principles of management?
The principles are guidelines to action.
The principles denote a cause and effect relationship.
Principles help the manager to take decisions while performing various management functions.
All of the above.
- Option 1: Principles are indeed guidelines to action as they provide a framework for decision-making and behavior management. They are not strict laws, but rather flexible guides that assist in various situations.
- Option 2: Management principles often denote a cause and effect relationship by explaining how certain actions lead to expected outcomes. They help predict the effects of managerial decisions.
- Option 3: Principles absolutely help managers make decisions while performing various management functions like planning, organizing, leading, and controlling, as they provide tested insights and guidelines.
- Option 4: All of the above. Since all the above statements are true, this option is correct.
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