Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Principles of Management

Question:
The application of the principles of management has to be changed as per the requirements of the prevailing situation at a particular point of time. Which feature of the principles of management is being described in the given statement?
Options:
Contingent
General guidelines
Universally applicable
Mainly behavioural
Correct Answer:
Contingent
Explanation:
The application of principles of management is contingent or dependent upon the prevailing situation at a particular point of time. The application of principles has to be changed as per requirements. For example, employees deserve fair and just remuneration. But what is just and fair is determined by multiple factors. They include contribution of the employee, paying capacity of the employer and also prevailing wage rate for the occupation under consideration.