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Q."A fundamental truth explaining relationship between two or more variables in a given situation". What do we derive from this statement?

Punjab PsebPSEB Punjab Class 12 (Commerce) 2026Subjective· 1mImportance★★★★★
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The statement is the definition of a principle of management.

The given line — 'a fundamental truth explaining the relationship between two or more variables in a given situation' — is the standard definition of a principle of management. Principles of management are broad, general guidelines, derived from observation and experience, that establish a cause-and-effect relationship between variables and help managers take decisions and act in various situations. They are flexible, mainly behavioural and contingent on the situation. Examples include Fayol's pri …

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