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.
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
Question : The feature of flexibility in principles of management means that:
Option 1: The principles can be customized for each organization
Option 2: The principles are rigid and unchangeable
Option 3: The principles are based on subjective opinions
Option 4: The principles cannot be modified
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