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the part of a financial system concerned with raising capital by dealing in shares, bonds, and other long-term investments.

Following are the consequences or adverse effects of each of these principles:

1. Division of work: The violation of this principle leads to the dearth of specialization among the employees.
2. Unity of Command: The violation of this principle leads to confusion in the mind of the subordinate in following the orders.
3. Remuneration: The violation of this principle leads to a situation of unrest among the employees and makes them demotivated.
4. Order: Improper placement of men and material may lead to wastage of resources.
5. Stability of tenure: Instability and insecurity among employees and they would tend to leave the organization.

Principles of management are flexible.

(a) Providing managers with useful insights into reality: The principles of management provide the managers with useful insights into the real world situations. Adherence to these principles will add to their knowledge, ability and understanding of managerial situations and circumstances. It will also enable managers to learn from the past mistakes and conserve time by solving recurring problems quickly. As such management principles increase managerial efficiency.
(b) Optimum utilization of resources and effective administration: Both human and material resources, available with the company are limited. They have to be put to optimum use. By optimum use we mean that the resources should be put to use in such a manner that they should give maximum benefit with minimum cost. Principles equip the managers to foresee the cause and effect relationships of their decisions and actions. As such the wastages associated with a trial-and-error approach can be overcome.
(c) Scientific decisions: Decisions must be based on facts, thoughtful and justifiable in terms of the intended purposes. They must be timely, realistic and subjected to measurement and evaluation. Management principles help in thoughtful decision-making. They emphasize logic rather than blind faith. Management decisions are taken on the basis of principles which are free from bias and prejudice. They are based on the objective assessment of the situation.
(d) Meeting changing environment requirements: Although the principles are in the nature of general guidelines but they are modified and as such help managers to meet changing requirements of the environment. Management principles are flexible to adapt to a dynamic business environment.
(e) Fulfilling social responsibility: The increased awareness of the public, forces businesses especially limited companies to fulfill their social responsibilities. Management theory and management principles have also evolved in response to these demands. Moreover, the interpretation of the principles also assumes newer and contemporary meanings with the change in time.
(f) Management training education and research: Principles of management are at the core of management theory. As such these are used as a basis for management training, education and research. These principles provide basic groundwork for the development of management as a discipline. These principles enable refinement of management practices as well by facilitating the development of new management techniques which have developed due to further research on these principles.

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Resource management is the process of planning, scheduling, and allocating resources in the best possible way. The ultimate aim is to maximize your resources' efficiency. This in turn will help the success of your project, task, or monthly goals. Resources can be anything from people to machinery.

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Because management unites the efforts of different individuals in the organisation Towards achieving the goals.

Management cannot say to be a science:

1. The existence of systematized body of knowledge: Science is systematized body of knowledge in a sense that it is based on cause and effect relationship which is developed through years of research and experimentation. This feature of science is present in management, as it has its own theory and principles that have developed over a period of time.
2. Principles based on experimentation: Scientific principles are first developed through observation and then tested by repeated experimentation. This feature is not cent percent applicable since the management deals with human beings whose behaviour cannot be predicted on the basis of absolute laws and experimentation.
3. Universal validity of principles: Scientific principles have universal validity and application. This feature is not cent percent applicable, since their application and use has to be modified according to given situations.

Conclusion: From above, we may conclude that management does not satisfy all the features of a pure science which makes it being called an inexact science or soft science.