Question:

The principles of management are:

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Management principles are universally applicable across industries, helping improve efficiency and effectiveness in any organization.
  • Used for business only
  • Universally applicable
  • Rigid
  • Specific guidelines
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The Correct Option is B

Solution and Explanation

Step 1: Consider the nature of management principles.
Management principles are meant to be applicable across all types of organizations, not just for specific businesses or industries. They provide a universal framework for effective management.

Step 2: Conclusion.
Thus, the correct answer is (2), as management principles are universally applicable.

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