"The application of principles of management is dependent upon the prevailing situation at a particular point of time." This statement highlights which of the following features of principles of management?
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Remember: The keyword "dependent on situation" always translates to "Contingent" in business terminology.
Step 1: Concept Nature and Features of Principles of Management.
Step 2: Meaning Management principles are not rigid scientific laws; their successful application relies entirely on the unique human and environmental variables present at any given moment.
Step 3: Analysis
• "General guidelines" means the principles are broad and don't provide straitjacket solutions.
• "Flexible" refers to the manager's ability to modify the principle itself.
• "Contingent" specifically means that the application of the principle is not absolute and is completely dependent upon the prevailing circumstances.
Step 4: Conclusion The phrase "dependent upon the prevailing situation" directly defines the contingent nature of management principles.