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Absolute is principle; Fayol/Taylor principles general guidelines flexible universal.
Ref: NCERT Business Studies Class XII Chapter 2 Principles of Management explains Fayol and Taylor principles guidelines for managerial efficiency.
1 and 2 only defines nature significance; management goal-oriented, continuous, pervasive.
Ref: NCERT Business Studies Class XII Chapter 1 Nature and Significance of Management defines management functions characteristics clearly explained.
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