Which of the following statements is true regarding the nature of Principles of Management?

They are flexible in nature

The correct answer is option 2- They are flexible in nature.

They are flexible in nature is the correct statement regarding the nature of Principles of Management.

The principles of management are not rigid prescriptions, which have to be followed absolutely. They are flexible and can be modified by the manager when the situation so demands. They give the manager enough discretion to do so. For example, the degree of concentration of authority (centralisation) or its dispersal (decentralisation) will depend upon the situations and circumstances of each enterprise. Moreover individual principles are like different tools serving different purposes, the manager has to decide which tool to use under what circumstances.