Given below are some statements. read them carefully and choose the correct answer from the given options.
Statement 1: The principles of management are not as exact as the principles of science, but their application and use is universal.
Statement 2: The principles of management provide managers with certain standardised techniques that can be used in different situations.
Statement 3: The principles of management are also used for training and development of managers.
Answer & explanation
Correct answer: option 2
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. However, they provide managers with certain standardised techniques that can be used in different situations. These principles are also used for training and development of managers.