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The following points summarise the nature of principles of management:

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

(B) The principles of management are intended to apply to all types of organisations.

(C) The principles of management are rigid prescriptions, which have to be followed absolutely.

(D) The principles of management are intended to establish relationship between cause and effect.

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 1

Principles of management are formed through experience, collective wisdom and experimentation (A), have universal applicability across all types of organisations (B), and seek to establish cause and effect relationships (D). Statement C is incorrect because the principles are flexible guidelines, not rigid prescriptions to be followed absolutely. Hence A, B and D only.

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