BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Principles of management are not absolute. They are just the guidelines for the decision making in the course of management. That is, principles of management are not applied as it is in the real business situations rather they need to be modified by the manager as per the situation and the requirement.

Detailed explanation-2: -The universality of management is the concept that all managers do the same job regardless of the title, position, or management level: they all execute the five management functions and work through and with others to achieve organizational goals.

Detailed explanation-3: -2 (a) The Universality of Management: Management is needed in all types and sizes of organisations, at all organizational levels and in all organizational work areas, and in all organizations, no matter where theyre located. This is known as the universality of management.

Detailed explanation-4: -Principles of management can be applied to any kind of organisation whether it is private or government, not for profit organisation, small, medium, large organisation etc. But their applicability depends upon nature, size of the organisation and different situations.