Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Principles of Management

Question:

'The principles are guidelines to action but do not provide readymade, straitjacket solutions to all managerial problems.'

Which feature of priniciple of management is highlighted in the above statement?

Options:

Flexible

General Guidelines

Interrelated

Contingent

Correct Answer:

General Guidelines

Explanation:

General guidelines: The principles of management are guidelines to action but do not provide readymade, straitjacket solutions to all managerial problems. This is so because real business situations are very complex and dynamic and are a result of many factors. However, the importance of principles cannot be underestimated because even a small guideline helps to solve a given problem. For example, in dealing with a situation of conflict between two departments, a manager may emphasise the primacy of the overall goals of the organisation.