Principles of management are important and useful on account of the following reasons:
A. To increase managerial efficiency
B. To attain social objectives
C. To train managers
D. To improve research
E. To coordinate material and human resources
Choose the most appropriate answer from the options given below:

Correct option is D

The principles of management serve various essential functions in ensuring the effective operation of an organization.

• A. To increase managerial efficiency: One of the core objectives of management principles is to enhance managerial efficiency. These principles help managers improve decision-making, problem-solving, and leadership, ultimately leading to better efficiency in running the organization.
• B. To attain social objectives: Management is also aligned with fulfilling broader social goals. These objectives can include corporate social responsibility (CSR), ethical practices, and creating a positive societal impact.
• C. To train managers: The principles of management provide the foundation for the training and development of managers. They offer the frameworks and guidelines that managers can use to guide their decision-making and leadership styles.
• D. To improve research: While the principles of management do not directly aim to improve research, they may support an environment conducive to innovation and development. However, improving research specifically is not the primary focus of management principles.
• E. To coordinate material and human resources: Management principles emphasize the importance of coordinating various resources, both human and material, to achieve organizational goals effectively. Proper coordination is a central tenet of management practices.

Thus, the correct answer is (d) A, B, C, D, E. All of the mentioned points are relevant reasons why principles of management are important.

Information Booster:

Principles of Management: These are universally applicable guidelines that help in organizing and directing the operations of an organization. They are crucial for increasing managerial efficiency (A), attaining social objectives (B), training managers (C), and coordinating resources (E). Even though improving research (D) is not a direct function of management principles, they can indirectly create an environment that encourages research and development.​