Question : Statement 1: Management is necessary in all types and sizes of organizations.
Statement 2: Management ensures effective utilization of resources and achievement of objectives.
Option 1: Both statements are true
Option 2: Both are incorrect
Option 3: Statement 1 is true, and Statement 2 is false.
Option 4: Statement 1 is false, and Statement 2 is true.
Correct Answer: Both statements are true
Solution : The correct answer is (a) Both statements are true.
Statement 1 is true because management is indeed necessary in all types and sizes of organizations. Management involves the process of planning, organizing, leading, and controlling resources to achieve specific objectives, which is essential for the effective operation of any organization.
Statement 2 is also true because one of the primary roles of management is to ensure the effective utilization of resources and the achievement of organizational objectives. This is a fundamental function of management in any organization.
Question : Statement 1: Management is necessary only for large organizations.
Statement 2: Management is essential for all types and sizes of organizations.
Question : Statement 1: Management is the process of achieving organizational goals.
Statement 2: Management is limited to profit-oriented organizations.
Question : Statement 1: Management is an art.
Statement 2: Management involves the application of scientific principles to achieve objectives.
Question : Statement 1: The nature of management varies based on the organization's size and complexity.
Statement 2: Larger organizations require more complex management structures and processes.
Question : Statement 1: Effective leadership is not essential for successful management.
Statement 2: Effective leadership is crucial for motivating employees and achieving organizational goals.
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