The principles of management apply to both not-for-profit organizations as well as profit-seeking firms.

Question

Quizplus · Accepted Answer

The principles of management, such as planning, organizing, leading, controlling, apply to all types of organizations, regardless of whether they are not-for-profit or profit-seeking. These principles help managers in achieving their goals and objectives efficiently and effectively. Therefore, the statement is true.

The Principles of Management Apply to Both Not-For-Profit Organizations as Well