Question

The four fundamental management principles include analyzing current situations, determining objectives, choosing corporate, and business strategies, and determining the resources needed to achieve the organization's goals. A) TRUE B) FALSE

Answer 1

The statement aligns with core management functions and is generally true; analyzing current situations, determining objectives, choosing strategies, and determining resources are all key aspects of fundamental management principles.

Step-by-step explanation:

The statement that the four fundamental management principles include analyzing current situations, determining objectives, choosing corporate, and business strategies, and determining the resources needed to achieve the organization's goals is generally TRUE.

Management principles are often discussed in terms of planning, organizing, leading, and controlling. However, the principles described in the question align well with core management functions:

• Analyzing current situations is akin to the management function of planning, which involves assessing where the organization currently stands.
• Determining objectives is directly related to setting goals within the planning phase.
• Choosing corporate and business strategies involves organizing and creating strategies to accomplish the set objectives.
• Determining resources needed relates to organizing the necessary resources, including human, financial, and physical assets, to achieve the organization's goals.

The question encompasses important aspects of management and how managers work to ensure that the organization's objectives are met.