Question : Assertion: The primary objective of management is to maximize profits.
Reason: Financial success is the ultimate goal of any organization.
Option 1: Both assertion and reason are correct, and the reason explains the assertion.
Option 2: Both assertion and reason are incorrect.
Option 3: The assertion is correct, but the reason is incorrect.
Option 4: The assertion is incorrect, but the reason is correct.
Option 5: Both assertion and reason are correct, and the reason is not the correct explanation of the assertion.
Correct Answer: Both assertion and reason are incorrect.
Solution : The correct answer is (b) Both assertion and reason are incorrect.
The assertion is not entirely correct. While profitability is a significant objective for many organizations, it is not the sole primary objective of management. Organizations have a broader set of goals and objectives that may include factors such as sustainability, social responsibility, customer satisfaction, and employee well-being, in addition to financial success.
The reason is incorrect because it oversimplifies the objectives of organizations. While financial success is crucial, organizations have diverse goals that go beyond pure financial profit.
Question : Assertion: management creates a dynamic organization.
Reason: it is generally seen that individuals in an organization readily accept changes and face challenges.
Question : Assertion: The nature of management is universal.
Reason: The principles and techniques of management can be applied in all types of organizations.
Question : Assertion: The principles of management remain constant, regardless of the organization's environment.
Reason: Management principles are based on universal truths that apply universally.
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