Question : Statement 1: The management principles used in the public sector are different from those in the private sector.
Statement 2: The management principles used in the public and private sectors are the same.
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 management principles used in the public sector often differ from those in the private sector due to the distinct objectives, stakeholders, and regulatory environments that each sector operates within.
Statement 2 is false because while there may be some overlap in management principles between the public and private sectors, there are also significant differences in how management is practiced in each sector. The goals and constraints in each sector are not identical, leading to variations in management approaches and practices.
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