Question : Statement 1: Strategy involves resource allocation for objectives.

Statement 2: Strategy formulation is solely a top-level management function.

Option 1: Statement 1 correct, Statement 2 incorrect.
  

Option 2: Statement 1 incorrect, Statement 2 correct.
 

Option 3: Both statements are correct.

Option 4: Both statements are incorrect.

Question : Statement 1: Strategy involves resource allocation for objectives.

Statement 2: Strategy formulation is solely a top-level management function.

Option 1: Statement 1 correct, Statement 2 incorrect.
 

Option 2: Statement 1 incorrect, Statement 2 correct.
 

Option 3: Both statements are correct.

Option 4: Both statements are incorrect.

Question : Which of the following statement is correct?
Statement 1- Management in action is the directing function of management.
Statement 2- Monitoring function is the controlling function of management.
 

Option 1: Both are true 
 

Option 2: Both are false 
 

Option 3: Statement 1 is true and statement 2 is false.
 

Option 4: Statement 2 is true and statement 1 is false.
 

Question : Statement 1: Planning is a backward-looking function of management.

Statement 2: Planning involves setting objectives and determining the best course of action to achieve them.

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.

Question : Statement 1: Controlling is an isolated function and not connected to other management activities.

Statement 2: Controlling is interconnected with planning, organizing, and leading functions.

Option 1: Both correct.

Option 2: Both incorrect.

Option 3: Statement 1 correct, Statement 2 incorrect.

Option 4: Statement 2 incorrect, Statement 1 correct.