Question

true or false

The principles of management are universal in nature.​

Answer 1

The principles of management are universal in nature. The given statement is true as these are applicable everywhere in the world.  

Explanation:  

• The principles of management refer to the proven theories and functions that are performed by any management.
• These principles are such in nature that they are universally applicable.
• No firm in any corner of the world would be able to function without the application of the principles of management.
• The principles of management also ensure the effective and efficient functioning of a firm which are the goals of operations.
• Therefore these are applicable to all the firms regardless of their size, capital, product line, etc.