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NCERT Solutions for Class 12 Business Studies Business Studies I Chapter 2 Principles Of Management

Principles Of Management Here is the CBSE Business Studies Chapter 2 for Class 12 students. Summary and detailed explanation of the lesson, including the definitions of difficult words. All of the exercises and questions and answers from the lesson's back end have been completed. NCERT Solutions for Class 12 Business Studies Principles Of Management Chapter 2 NCERT Solutions for Class 12 Business Studies Principles Of Management Chapter 2 The following is a summary in Hindi and English for the academic year

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-2025-26. You can save these solutions to your computer or use the Class 12 Business Studies.

Question 1
CBSEENBS12003565

'Management is a science like physics or chemistry.' Do you agree with thisstatement? Give reasons in support of your answer.

Solution

This statement is wrong. Although management can be called science but not as an exact or pure science like Physics or Chemistry.
It is important to apply the characteristics of science to management in order to find out whether management is a science or not. Following are the main points:

(i) Systematised Body of Knowledge: It is necessary for science to be a systematised body of knowledge. Management is also a systematised body of knowledge because it has its own theory and principle which are developed by the management experts after years of research.

(ii) Principles Based on Experiments: After applying this characteristic of science to management, we find that development of management took years for the collection offacts, their analysis and experiments. 

(iii) Universal Validity: Scientific principles are based on truth and they can be applied atevery time and in every situation. Thus, its universal application is possible. In the field of management too, managerial knowledge and principles of management are considered to be based on truth and they, too, can be applied anywhere and in every situation. 

Conclusion: The subject matter of management is 'Human Being' who is an intelligent and sensitive being and whose behaviour or conduct changes according to the changing situations. Therefore, no permanent principles like the principles of physics and chemistry can be enunciated in relation to his conduct or behaviour. Clearly the science of management cannot be called a natural or pure science but it should be described as an Applied Science or  Inexact Science.

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