BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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General guidelines
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flexible
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Universal applicability
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mainly behavioural
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Detailed explanation-1: -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.
Detailed explanation-2: -Universal-Universality of management principles implies that they can be applied to every firm, irrespective of its size, nature or location. ii. Act as guidelines-Management principles act as guidelines; they are considered general premises for decision making.
Detailed explanation-3: -True or False “Management principles can be applied to all types of activities.” Ans. True; management is pervasive.
Detailed explanation-4: -Basic Principles of Management. As an organization is structured, there are some basic principles of management that are necessary to run business operations effectively. The four main functions include planning, organizing, leading, and controlling.