Question : Statement 1: The principles of management remain constant, regardless of the organization's environment.
Statement 2: Management principles are based on universal truths that apply universally.
Option 1: Both statements are true
Option 2: Both are incorrect
Option 3: Statement 1 is true, and Statement 2 is false.
Option 4: Statement 1 is false, and Statement 2 is true.
Correct Answer: Statement 1 is false, and Statement 2 is true.
Solution : The correct answer is (d) Statement 1 is false, and Statement 2 is true.
Statement 1 is false because the principles of management may need to be adapted to different organizational environments. For example, the management style that is effective in a small, family-owned business may not be effective in a large, multinational corporation. Similarly, the management principles that are used in a stable environment may not be applicable to a dynamic and rapidly changing environment.
Statement 2 is true because the principles of management are based on universal truths about human behavior and organizational dynamics. These truths apply to all organizations, regardless of their size, type, or industry.
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