Question

The principles of management do not provide readymade solutions to all managerial problems as real business situations are very complex and dynamic and are a result of many factors. This statement highlights which of the following features of principles of management:

• A. General guidelines
• B. Flexible
• C. Contingent
• D. Mainly behavioural

Hint:

Contingent principles of management suggest that their application depends on the specific situation.- Principles provide guidelines but need to be adapted to dynamic business environments.- Management is not about fixed rules but adapting to changing conditions for better outcomes.

Answer 1

The Correct Option is C

The principles of management are based on a set of general guidelines that may need to be adapted based on the specific circumstances of a business situation. The statement points out that real business situations are complex and dynamic, which suggests that the application of management principles depends on the situation, i.e., they are contingent on the circumstances. Thus, the correct answer is Contingent.