Question : The principles of management are:
Option 1: Specific to each industry
Option 2: Subjective and varying
Option 3: Universal in nature
Option 4: Flexible and adaptable
Correct Answer: Universal in nature
Solution : The correct answer is (c) Universal in nature
The principles of management are considered to be universal in nature, meaning they are applicable across various industries and organizational contexts. These principles are based on fundamental concepts and practices that have been identified and observed to be effective in achieving organizational goals and objectives. While there may be some variations in the application of these principles based on specific industry or organizational factors, the core principles of management are generally considered to be universal and applicable across different domains.
Question : Which of the following is not a feature of principles of management?
Option 1: Ethical considerations
Option 2: Specific to each organization
Option 3: Flexible and adaptable
Option 4: Universal applicability
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?
Option 1: Flexible
Option 2: General guidelines
Option 3: Universal applicability
Option 4: Contingent
Question : The feature of universal applicability in principles of management implies that:
Option 1: The principles apply to all industries and organizations
Option 2: The principles are only applicable to large organizations
Option 3: The principles are specific to certain cultures
Option 4: The principles are limited to specific departments
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