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Which quality makes management principles useful in non-profit organisations as well?

Answer and explanation

Correct answer: Universality

Universality means that management principles are applicable in different types of organisations, although their exact application may vary with the organisation’s objectives, size, people and circumstances. A school, hospital, charitable trust or sports association may not aim primarily at profit, but each still has to plan, organise, staff, direct and control its activities. Thus, the usefulness of management principles is not restricted to commercial companies. Option A is correct. Option B is the opposite of the idea because non-profit bodies are not defined by profit maximisation. Option C wrongly describes principles as punishment, while option D ignores the flexible and situation-based nature of management principles.

Related tags

UniversalityNon-Profit-OrganisationsManagement-PrinciplesNature Of Management PrinciplesPrinciples Of ManagementBusiness StudiesClass 12 Mcq

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