Question : Statement 1: Management is a universal concept.
Statement 2: Management principles are specific to each organization and cannot be applied universally.
Option 1: Both statements are true
Option 2: Both are incorrect
Option 3: Statement 1 is true, and Statement 2 is false.
Option 4: Statement 1 is false, and Statement 2 is true.
Correct Answer: Both statements are true
Solution : The correct answer is (a) Both statements are true.
Statement 1 is true because management is considered a universal concept in the sense that it involves fundamental principles and practices that are applicable in various organizations and contexts.
Statement 2 is also true because while there are universal management principles, the specific application of these principles can vary from one organization to another. Organizations may adapt and customize management practices to suit their unique needs and circumstances, so there can be variations in how management principles are applied.
Question : Statement 1: The principles of management remain constant, regardless of the organization's environment.
Statement 2: Management principles are based on universal truths that apply universally.
Question : Statement 1: The management principles used in a private company may not apply to a government organization.
Statement 2: The management principles used in a private company are universally applicable.
Question : Statement 1: Management is a dynamic process.
Statement 2: Management is a static and unchanging concept.
Question : Statement 1: The management principles used in the public sector can also be applied in the nonprofit sector.
Statement 2: The management principles used in the public sector are specific to government organizations.
Question : Statement 1: Management is an art.
Statement 2: Management involves the application of scientific principles to achieve objectives.
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