A managerial principle is best described as a:
- Broad guideline for decisions
- Rigid law of pure science
- Fixed technique with steps
- Moral value of society
Show answer and solution
Correct answer: A. Broad guideline for decisions
1. It guides decision-making and behaviour.
2. It is not as rigid as a law of physics.
3. It is applied creatively to the situation.
_Source: syllabus Business Studies Part I, Chapter 2, Principles of Management._