Question

The principles of management do not provide readymade straight jacket solutions to all management problems because
a) The real business situations are complex.
b) The real business situations are dynamic.
c) The principles act as general guidelines.
d) All of the above.​

Answer 1

Answer:

d)all of the above

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Answer 2

• The answer is all of the above

• Management Principles are based on Science as it contains some universally accepted Principles, but the real situation is complex and one needs to act upon his instincts in order to solve the real life problems.

• Business environment is never static but always dynamic. As management principles are based on observations it cannot be a solution to the changing business trends.

• These principles act as a general guideline which advises the management to follow these principles according to the need of the hour.