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"<div class='ed_question'><div class='qsn_ttl_hdng'>Question for Chapter Notes - Principles Of Management</div><div class='questionBox'><div style='font-weight: bold;color: #052b50 !important;float: left;padding-right: 10px;'>Question _index_: </div><span class='questionBtext'>What is the difference between principles of management and values?</span></div><ul class='answerList rm_lft_pd'><li><label class='control control--radio'><span><span class='questionnumberspan'>A. </span><p>Principles of management are formed through research, while values are generally accepted behavior in society.</p></span><input checkstatus='1' class='optionClass_858170' onchange='SavePractiseAnswer('858170','SingleChoice',0,'a')' type='radio' value='a' name='optionClass_858170' /><div class='control__indicator'></div></label></li><li><label class='control control--radio'><span><span class='questionnumberspan'>B. </span><p>Principles of management deal with human behavior, while values have a moral coordination.</p></span><input checkstatus='0' class='optionClass_858170' onchange='SavePractiseAnswer('858170','SingleChoice',0,'a')' type='radio' value='b' name='optionClass_858170' /><div class='control__indicator'></div></label></li><li><label class='control control--radio'><span><span class='questionnumberspan'>C. </span><p>Principles of management are guidelines to action and decision making, while values are methods of management.</p></span><input checkstatus='0' class='optionClass_858170' onchange='SavePractiseAnswer('858170','SingleChoice',0,'a')' type='radio' value='c' name='optionClass_858170' /><div class='control__indicator'></div></label></li><li><label class='control control--radio'><span><span class='questionnumberspan'>D. </span><p>Principles of management are derived from observation and analysis, while values are formed from personal experiences of managers.</p></span><input checkstatus='0' class='optionClass_858170' onchange='SavePractiseAnswer('858170','SingleChoice',0,'a')' type='radio' value='d' name='optionClass_858170' /><div class='control__indicator'></div></label></li></ul><div style='display: none; ' id='SolutionBox_858170'><div class='CorrectSolution'>Explanation</div><div>Principles of management and values are two different concepts. Principles of management are broad guidelines for managerial decision making that are derived from research, observation, analysis, experimental studies, and personal experiences of managers. On the other hand, values are formed as generally accepted behavior in society and have moral coordination. While principles of management focus on the technical aspects of decision making, values reflect the moral and ethical standards that guide behavior in society. It is important for managers to consider both principles of management and values in their decision making to ensure both efficiency and ethical conduct in their organizations.</div><div style='margin-top: 15px;color:#808080 !important;font-size:15px !important;text-decoration:underline;cursor:pointer;color: #808080 !important;' class='rpt_btn_inline rpt_btn_inline_858170' data_q_id='858170' >Report a problem</div><div class='report_ques_dv report_ques_dv_858170'><textarea class='qprblm_858170' placeholder='Please tell us more about the issue (at least 5-6 words) for quick resolution' style='width:100%;border-radius:4px;border-color:transparent;background-color:#F4F4F4;padding:10px;font-size:15px !important;padding-left:15px;'></textarea><div style='text-align:right;margin-top:20px;margin-bottom:20px;'>\r                                <button class='rpt_inqsn_cncl'  data_q_id='858170'  style='padding:5px;margin-right:20px;display: inline-block;padding: 2px 12px;margin-bottom: 0;font-size: 14px !important;font-weight: normal;line-height: 1.428571429;text-align: center;white-space: nowrap;vertical-align: middle;cursor: pointer;border: 1px solid transparent;border-radius: 4px;-webkit-user-select: none;-moz-user-select: none;-ms-user-select: none;-o-user-select: none;user-select: none;background-color:transparent;color:#5E5E5E !important;border:1px solid #D3D3D3;min-width:110px;'>Cancel</button>\r                                \r                                <button class='rpt_inqsn_save'  data_q_id='858170' style='padding:5px;display: inline-block;padding: 2px 12px;margin-bottom: 0;font-size: 14px !important;font-weight: normal;line-height: 1.428571429;text-align: center;white-space: nowrap;vertical-align: middle;cursor: pointer;border: 1px solid transparent;border-radius: 4px;-webkit-user-select: none;-moz-user-select: none;-ms-user-select: none;-o-user-select: none;user-select: none;color:white !important;background-color:#193f68;min-width:110px;'>Report</button></div></div></div><div style='text-align: center;'><div class='btn btn-blue sol_qsn_cntnt sol_qsn_cntnt_858170' onclick='ShowSolutionContentPage(858170,'SingleChoice',0,'a'); '>View Solution</div></div></div>"
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