Question : The application of principals of management is depended upon the prevailing situation at a particular point of time. Which nature of principles of management is being highlighted in the given statement?
Option 1: Cause and effect relationship
Option 2: Flexible
Option 3: Contingent
Option 4: General guidelines
Correct Answer: Contingent
Solution : Management principles are not absolute or state in nature. They cannot be applied blindly in all situations. They have to be applied keeping in view the prevailing situation.
Hence, option C is correct.