Question

The principles are guidelines to action but do not provide readymade, straitjacket solutions to all managerial problems. This is so because
A)The applications of principles has to be changed as per requirements

B)Real business situations are very complex and dynamic and are a result of many factors

C)Principles are like different tools serving different purposes, the manager has to decide which tool to use under what circumstances

D)All the above

Answer 1

Answer:

answer is here

D) all of above

Answer 2

Option B)Real business situations are very complex and dynamic and are a result of many factors. is the correct answer.

• Principles of management do not provide a readymade solution to all managerial problems because principles provide general guidelines to managers whereas real business situations are extremely complex and not based on theoretical knowledge

The principles of management do not provide readymade straight jacket solutions to all management problems because

• Real business situations are complex.

• Real business situations are dynamic.

• The principles act as general guidelines.