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Statement one says application of principles may be affected by external environment. Statement two says therefore application may change when technology or competition changes. Choose the correct option.

Answer and explanation

Correct answer: Both are correct

Both are correct because external environment is part of the situation. Exam tip: connect external environment with contingent nature.

Related tags

Nature-Of-Management-PrinciplesExternal-EnvironmentAssertionNature Of Management PrinciplesPrinciples Of ManagementBusiness StudiesClass 12 Mcq

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