Direction: In the questions given ore two statements labelled as Assertion (A) and Reason (R). In the context of the two statements, which one of the following is correct? Assertion (A) Management principles are not developed overnight. Reason (R) Principles are derived on the basis of observation and analysis of events which managers face in actual practice. Codes

• A.                                  Both A and R are true and R is the correct explanation of A
• B.                     Both A and R are true, but R is not the correct explanation of A
• C.                     A is true, but R is false
• D.                     A is false, but R is true