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The nature of Principles of Management is summarized by:

(A) They are intended to establish a relationship between cause and effect.

(B) Their application is contingent upon the prevailing situation at a particular point of time.

(C) They provide ready-made, straitjacket solutions to all managerial problems.

(D) The principles of management are formed by experience and collective wisdom of managers as well as experimentation.

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 1

Management principles are cause-and-effect relationships (A), contingent or dependent on the prevailing situation (B), and formed by experience, collective wisdom and experimentation (C is about formation, matching D). However, they are flexible guidelines, not ready-made straitjacket solutions to all problems, so statement C is false. Hence A, B and D only, option 1.

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