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Ask QuestionPosted by Sangeeta Malhotra 4 years, 9 months ago
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Samkit Jain 4 years, 5 months ago
Posted by Sangeeta Malhotra 4 years, 9 months ago
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Posted by Rashi Sharma 4 years, 8 months ago
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Preeti Dabral 4 years, 8 months ago
Management cannot say to be a science:
- 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.
- 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.
- 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.
Posted by Atriman Shukla 4 years, 9 months ago
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Atriman Shukla 4 years, 9 months ago
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Tanya Maheshwari 4 years, 9 months ago
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Preeti Dabral 4 years, 8 months ago
False: National income can be less than domestic income when net factor! income from abroad (NFIA) is negative. National income can also be equal to domestic income if NFIA is zero.
Deepanshu Jha 4 years, 9 months ago
Lucky 1 4 years, 9 months ago
Posted by Rajiv Kumar 4 years, 8 months ago
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Preeti Dabral 4 years, 8 months ago
It refers to market value of final goods and services produced within the domestic territory of the country within one year inclusive of depreciation. GNP is an economic concept because it includes productive efforts of only residents of a country within and outside the country GDP is based on domestic territory but GNP is based on normal residents.
Bharti Jangra 4 years, 9 months ago
Posted by Rohitson Mangsidam 4 years, 9 months ago
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Tanya Maheshwari 4 years, 9 months ago
Posted by Rohitson Mangsidam 4 years, 9 months ago
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Lucky 1 4 years, 9 months ago
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Posted by Rohitson Mangsidam 4 years, 9 months ago
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Posted by Rohitson Mangsidam 4 years, 9 months ago
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Posted by Rohitson Mangsidam 4 years, 9 months ago
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Posted by Rohitson Mangsidam 4 years, 9 months ago
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Tanya Maheshwari 4 years, 9 months ago
Posted by Rohitson Mangsidam 4 years, 9 months ago
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Posted by Rohitson Mangsidam 4 years, 9 months ago
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Lucky 1 4 years, 9 months ago

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