Question : The principles of management do not provide readymade strait jacket solutions to all managerial problems. Which nature of principles of management is highlighted in the given statement?
Option 1: General guidelines
Option 2: Flexible
Option 3: Universal application
Option 4: Formed by practice and experimentation
Answer (1)
18th Jan, 2024
Correct Answer: General guidelines
Solution : Management principles do not provide readymade solutions. They have to be adjusted as per demand of the situation. This is because real business situations are very complex and dynamic.
Hence, option A is correct.
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