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
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.
Question : The principles are guidelines to actions but do not provide readymade solutions to all managerial problems. The given statement tells about which nature of principles of management?
Question : The principles of management are intended to applied to all types of organisations. The given statement tell us about which nature of principles of management?
Question : The principles of management are formed by experience and collective wisdom of managers as well as experimentation.The given statement tells us about which nature of principles of management?
Question : Principles of management can be modified by the manager according to the situation. The given statement tell us about which nature of principles of management?
Question : The principles of management are not rigid prescriptions which have to be followed absolutely. The given statement about which nature of principles of management?
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