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
Answer (1)
3rd Jan, 2024
Correct Answer: Universal in nature
Solution : The correct answer is (c) Universal in nature.
The principles of management are considered universal in nature, meaning they apply to all industries and organizations. These principles are based on fundamental concepts and practices that have been observed and developed over time through the study and analysis of successful managerial practices across various industries. While the application of these principles may vary in different contexts, the underlying principles themselves remain constant.
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