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Business Administration QUESTION #2932
Question 1
Which of the following statements best defines the "Contingency Theory" of management?
  • There is a single, universal method for managing any organization
  • Management styles should be determined only by the size of the company
  • Optimal management techniques are dependent on specific situational variables✔️
  • None of these
Correct Answer Explanation
Contingency theory argues that there is no "one best way" to manage; the most effective approach depends on the context and environment.