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Principles of Management — Business Studies STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceBusiness StudiesPrinciples of Management1 Mark
Question
'Resources should be put to use in such a manner that they should give maximum benefit with minimum cost'. Mention the importance of principles of management highlighted in the statement.
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Answer

Optimum utilisation of resources and effective administration.

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