Question : Which of the following is a feature of principles of management?
Option 1: Varying interpretations
Option 2: Limited scope of application
Option 3: Subjective nature
Option 4: Practical utility
Correct Answer: Practical utility
Solution : The correct answer is (d) Practical utility.
Principles of management are intended to have practical utility, meaning they are designed to be applicable and useful in real-world management situations. These principles provide guidance and frameworks that help managers make informed decisions, solve problems, and effectively manage organizations. They offer practical insights and approaches that can be applied in various managerial contexts to improve efficiency, effectiveness, and overall organizational performance.
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