Question

Which of the following does not apply to Principles of Management?

Options

• Applicable in large firms

• Formed by practice and experience of manager

• Flexible

• Contingent

Answer 1

Applicable in large firms

Explanation - 

The principles of management are intended to apply to all types of organisations, business as well as non-business, small as well as large, public sector as well as private sector, manufacturing as well as the service sectors.