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.
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: Statement 1 is true, and Statement 2 is false.
Solution : The correct answer is (c) Statement 1 is true, and Statement 2 is false.
Statement 1 is true because the management principles used in a private company may not directly apply to a government organization. Private companies and government organizations have different objectives, structures, and operating environments, which can lead to variations in management practices and principles.
Statement 2 is false because the management principles used in a private company are not universally applicable to all types of organizations. The nature of the organization, its goals, and its specific context can influence which management principles are most appropriate and effective. Different types of organizations may require unique management approaches to address their specific needs and challenges.
