Question : Assertion: Fayol's principles of management are applicable to all types of organizations, irrespective of their size.
Reason: These principles are based on fundamental management practices.
Option 1: Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.
Option 2: Both are correct, but the reason is not the correct explanation.
Option 3: The assertion is correct, the reason is incorrect.
Option 4: The assertion is incorrect, the reason is correct.
Correct Answer: Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.
The assertion that Fayol's principles of management are applicable to all types of organizations, irrespective of their size, is correct. Fayol's principles are considered universal and can be applied in various organizations, regardless of their size or industry.
The reason provided, stating that these principles are based on fundamental management practices, is also correct. Fayol's principles are fundamental, general guidelines for management that can be adapted and applied in diverse organizational settings.