Question

Management principles are contingent or dependent upon the situations prevailing in the organization. Which is the correct explanation associated with this statement:

Options

• Application of principles is suitable in similar situations in a large number of cases

• Application of principles has to be changed as per requirements

• Principles of management can be modified

• None of the above

Answer 1

Application of principles has to be changed as per requirements

Explanation -

Management principles can be modified depending on the type of the firm and the current and affected environment.