Question

What does the 'Universal Applicability' of management principles imply?

• A. They are only applicable to large multinational corporations.
• B. They can be used in all types of organizations, regardless of their nature or size.
• C. Their degree of application is always uniform across all organizations.
• D. They are exclusively designed for non-profit organizations.

Answer 1

Answer:

B. They can be used in all types of organizations, regardless of their nature or size.

• The universal applicability of management principles means they can be applied to all types of organizations, regardless of their nature, size, or location. This includes businesses and non-business organizations (like schools or hospitals), public and private sectors, and manufacturing and service industries.