(i) Principles of management help in optimum utilization of resources by equipping managers to predetermine the cause and effect relationships thereby reducing the wastages associated with trial and error approach.
Principles of management help in effective administration by limiting the boundaries of managerial judgements so that decisions are free from personal discrimination or biasedness.
(ii) Principles of management help the managers in meeting requirements of a changing environment because they can be improved or modified according to the changes taking place in the business environment.
Final answer-
(i) Principles of management help in optimum utilization of resources by equipping managers to predetermine the cause and effect relationships thereby reducing the wastages associated with trial and error approach.
Principles of management help in effective administration by limiting the boundaries of managerial judgements so that decisions are free from personal discrimination or biasedness.
(ii) Principles of management help the managers in meeting requirements of a changing environment because they can be improved or modified according to the changes taking place in the business environment.