Question : The principles of management are:
Option 1: Specific to each industry
Option 2: Subjective and varying
Option 3: Universal in nature
Option 4: Flexible and adaptable
Correct Answer: Universal in nature
Solution : The correct answer is (c) Universal in nature
The principles of management are considered to be universal in nature, meaning they are applicable across various industries and organizational contexts. These principles are based on fundamental concepts and practices that have been identified and observed to be effective in achieving organizational goals and objectives. While there may be some variations in the application of these principles based on specific industry or organizational factors, the core principles of management are generally considered to be universal and applicable across different domains.
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