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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
Answer (1)
Correct Answer: Flexible
Solution : Principles of management do not provide any hard and fast tools and they have to modified as per changes in the business environment.
Hence, Option 1 is correct.
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