Given below are three statements. read them carefully and choose the correct answer from the given options.

Statement 1: Management as an art and a science are mutually exclusive and complement each other.

Statement 2:  The principles of management constitute the science of management.

Statement 3: Since the principles of management are not as exact as the principles of science, their application and use is universal.

Only 2 is correct

The correct answer is option 3- Only 2 is correct.

Statement 1: Management as an art and a science are mutually exclusive and complement each other. This is not true as Management has features of both art and science. The practice of management is an art. However, managers can work better if their practice is based on the principles of management. These principles constitute the science of management. Management as an art and a science are therefore not mutually exclusive, but complement each other.

Statement 2:  The principles of management constitute the science of management. This is true. Management has features of both art and science. The practice of management is an art. However, managers can work better if their practice is based on the principles of management. These principles constitute the science of management

Statement 3: Since the principles of management are not as exact as the principles of science, their application and use is universal. This is not true as Since the principles of management are not as exact as the principles of science, their application and use is not universal. They have to be modified according to a given situation.