Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Principles of Management

Question:

The principles of management do not provide readymade straight jacket solutions to all management problems because of which of the following?

Options:

The real business situations are complex.

The real business situations are dynamic.

The principles of management act as general guidelines only.

All of the above

Correct Answer:

All of the above

Explanation:

The principles 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.