Question

Principles of management equip the managers to foresee the cause and effect relationships of their decisions and actions so that the wastages assoCiated with a trial and error approach can be overcome. The point of significance of principle of management highlighted here is​

Answer 1

Answer:

Optimum utilization of resources and effective administration

Explanation:

Resources both human and material available with the company are limited.they have to be pit to optimum use. By optimum use we mean that the resources should be put to use in such a manner that they ahould give maximum benefit with minimum cost. Principles equip thr managerto foresee the cause and effect relationshipof their relationships of their decisions and actions.