Chapter 2. Principles Of Management | Business Studies | CBSE Class XII (12th) | Questions & Answers

CONCEPT MAPPING

• Concept: Principles of management are general guidelines which can be used under certain situations.
• Nature:
  1. Universal applicability
  2. Formed by practice
  3. Flexible
  4. Mainly behavioural
  5. Cause and effect relationships
  6. general guidelines contingent