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Question
The principles of management are universal in nature.
Options
True
False
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Solution
This statement is True.
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RELATED QUESTIONS
Justify the following statement.
Principles of management are flexible in nature.
The principles of management are universal in nature.
Match the pair:
| Group ‘A’ | Group ‘B’ |
| (a) Principles of management | (1) Owned by co-operative stores |
| (b) Postal department | (2) Compensation exceeds ₹ 10 crore |
| (c) Outsourcing | (3) Right wages to the employees |
| (d) National Commission | (4) General guidelines |
| (e) Fair remuneration | (5) Exploitation of employees |
| (6) BPO | |
| (7) F. W. Taylor | |
| (8) RTO | |
| (9) Owned by Government | |
| (10) Compensation exceeds ₹ 1 crore but does not exceed ₹ 10 crore |
What are principles of management?
Management principles are derived from which sources?
How do management principles support management as both a science and an art?
Division of work may be applied in which two settings?
What does it mean that management principles are flexible?
Cause and effect relationships in management principles establish links between what?
Which factors can make “Fair remuneration” vary?
With what capital did Biocon start as a small biotech initiative?
From where did Biocon operate when it started as a small biotech initiative?
By applying management principles, Biocon grew into what kind of company?
Which products are produced as affordable biologics by Biocon?
