List and Explain the Four Principles of Management Under the Contemporary

question 7

Essay

List and explain the four principles of management under the contemporary or popular management theory.Briefly define each.

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Definitions:

Investment

The action of allocating resources, usually money, with the expectation of generating an income or profit.

Population

The total number of individuals within a specific area or of a particular species or group.

Rate of Return

The rate of return is the net gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.