Basic principles that comprise good management include
A)identifying goals and constraints.
B)recognizing the nature and importance of profits.
C)understanding incentives.
D)all of the statements associated with this question are correct.

Question

Quizplus · Accepted Answer

All three statements are important principles of good management. Identifying goals and constraints helps ensure that the business is focused on achieving specific objectives while working within limitations. Recognizing the importance of profits ensures that the business is financially sustainable and can continue to operate into the future. Understanding incentives helps management design effective motivation systems for employees and stakeholders. Therefore, all of the statements associated with this question are correct.

Basic Principles That Comprise Good Management Include