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‘The application of principles of management dependent upon the prevailing situation at a particular point of time, and application of these principles has to be changed as per requirements.’ - Business Studies

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Question

‘The application of principles of management dependent upon the prevailing situation at a particular point of time, and application of these principles has to be changed as per requirements.’ This statement highlights which of the following features of principles of management:

Options

  • General guidelines

  • Flexible

  • Contingent

  • Mainly behavioural

MCQ
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Solution

Contingent

Explanation:

The statement makes it clear that how management principles are used relies on the “current situation at a certain point in time.” This fits perfectly with the idea of contingency, which means that how rules are used depends on the specifics of the case. This aspect of management principles makes it clear that they can only be used in certain situations, which means they are situation-specific.

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2024-2025 (March) Delhi Set 3
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