Question : Which of the following statement is correct for the nature of management principles?
Option 1: Management principles are absolute or state in nature.
Option 2: They can be utilised under different conditions in different ways.
Option 3: These principles can be applied blindly even in an identical situation.
Option 4: None of the above
Correct Answer: They can be utilised under different conditions in different ways.
Solution :
They can be utilised in the different conditions in different ways.
The management principles are flexible in nature. Principles of management do not provide any hard and fast rules and they have to be modified as per changes in the business environment.Hence, option B is correct.



