Question : Statement 1: The management principles that apply in the business sector can also be used in educational institutions.
Statement 2: Management principles are generic and can be adapted to different sectors.
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 the management principles that apply in the business sector, such as planning, organizing, leading, and controlling, can also be used in educational institutions. Management principles are often adaptable and applicable in various sectors, including education.
Statement 2 is true because management principles are often considered generic and can be adapted to different sectors. While there may be specific practices and nuances within each sector, the fundamental principles of management can be modified and used effectively in diverse organizational settings.
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