Question : Assertion: Objectives provide direction and purpose to an organization's activities.
Reason: Objectives are formulated for the short term and long term.
Option 1:
Both assertion and reason are correct, and the reason is a correct explanation.
Option 2: Both assertion and reason are correct, and the reason is not correct explanation.
Option 3: Assertion is false, but the reason is correct.
Option 4: Assertion is correct, but the reason is false.
Correct Answer:
Both assertion and reason are correct, and the reason is a correct explanation.
Solution : The correct answer is (a) Both assertion and reason are correct, and the reason is a correct explanation.
The assertion is correct as objectives do provide direction and purpose to an organization's activities. The reason is also correct because objectives can indeed be formulated for both the short term and long term. Setting objectives for different time horizons allows organizations to align their activities with varying strategic goals and timeframes.