Question : Statement 1: The management principles used in multinational companies are the same as those used in domestic companies.
Statement 2: Multinational companies require different management principles due to their diverse operations.
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 false, and Statement 2 is true.
Solution : The correct answer is (d) Statement 1 is false, and Statement 2 is true.
Statement 1 is false because the management principles used in multinational companies can differ from those used in domestic companies. Multinational companies often have diverse operations, operate in various countries with different cultures and regulations, and face unique challenges related to international business. As a result, they may need to adapt their management principles to account for these differences.
Statement 2 is true because multinational companies often require different management principles due to their diverse operations and the need to manage effectively across various international markets and environments. The challenges and complexities associated with international operations can necessitate distinct management approaches.
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