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: -Among the options given above, Functional Foremanship is not a principle of management rather it is a technique of scientific management as given by Taylor. It comprises of the methods or steps to be taken to achieve a desired goal.

Detailed explanation-3: -Management principles are relative, not absolute, and they should be applied according to the need of the organization. A particular management principle has different strengths in different conditions. Therefore, principles should be applied according to the prevailing conditions.

Detailed explanation-4: -Explanation: (b) Principles of management are not based on rule of thumb/hit-and-trial method, but on a scientific approach.

Detailed explanation-5: -Ans. Principles of management are flexible, which means that they are not rigid, and can be modified by the manager as per the situation. Ans. The application of principles of management is contingent as it depends upon the prevailing situation at a particular point of time.