Question : Statement 1: The management principles that apply in the business sector can also be used in educational institutions.
Statement 2: Management principles are generic and can be adapted to different sectors.
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: Both statements are true
Solution : The correct answer is (a) Both statements are true.
Statement 1 is true because the management principles that apply in the business sector, such as planning, organizing, leading, and controlling, can also be used in educational institutions. Management principles are often adaptable and applicable in various sectors, including education.
Statement 2 is true because management principles are often considered generic and can be adapted to different sectors. While there may be specific practices and nuances within each sector, the fundamental principles of management can be modified and used effectively in diverse organizational settings.
Question : Statement 1: The management principles used in the public sector can also be applied in the nonprofit sector.
Statement 2: Both sectors have similar organizational structures and goals.
Question : Statement 1: The management principles used in the public sector are different from those in the private sector.
Statement 2: The management principles used in the public and private sectors are the same.
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.
Question : Statement 1: Management is a universal concept.
Statement 2: Management principles are specific to each organization and cannot be applied universally.
Question : Statement 1: Management is an art.
Statement 2: Management involves the application of scientific principles to achieve objectives.
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