With reference to Henri Fayol's 14 Principles of Management, consider the following statements:
- The principles emphasize technical qualifications over managerial competence.
- They highlight the importance of clearly defined authority and responsibility.
- Fayol advocated decentralization as an important principle.
Which of the statements given above is/are correct?
1
1 and 2
2
2 only
3
2 and 3
4
1, 2 and 3