Question : The principles of management do not provide readymade strait jacket solutions to all managerial problems. Which nature of principles of management is highlighted in the given statement?
Option 1: General guidelines
Option 2: Flexible
Option 3: Universal application
Option 4: Formed by practice and experimentation
Correct Answer: General guidelines
Solution : Management principles do not provide readymade solutions. They have to be adjusted as per demand of the situation. This is because real business situations are very complex and dynamic.
Hence, option A is correct.
Question : The principles are guidelines to actions but do not provide readymade solutions to all managerial problems. The given statement tells about which nature of principles of management?
Option 1: Flexible
Option 2: General guidelines
Option 3: Cause and effect relationships
Option 4: Universal applicability
Question : The principles of management are intended to applied to all types of organisations. The given statement tell us about which nature of principles of management?
Option 1: Formed by practice and experimentation.
Option 3: Flexible.
Question : The principles of management are formed by experience and collective wisdom of managers as well as experimentation.The given statement tells us about which nature of principles of management?
Option 1: Contingent
Option 3: Formed by practice and experimentation
Option 4: Mainly behavioural
Question : Principles of management can be modified by the manager according to the situation. The given statement tell us about which nature of principles of management?
Option 1: Universal applicability
Option 3: Contingent
Option 4: Flexible
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 3: Universal applicability
Option 4: Contingent
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