Question : Statement 1: The nature of management remains constant across different industries.
Statement 2: Different industries require different management approaches.
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: Statement 1 is false, and Statement 2 is true.
Solution : The correct answer is (d) Statement 1 is false, and Statement 2 is true.
Statement 1 is false because the nature of management can vary across different industries and organizations. While there are general management principles and practices, the specific challenges, objectives, and approaches in management may differ based on the industry, the organization's size, its culture, and other factors.
Statement 2 is true because different industries often require different management approaches to address the unique needs, challenges, and regulatory requirements that each industry presents. Managers may need to adapt their practices and strategies to align with the specific context of the industry in which they work.
Question : Statement 1: The management principles used in a manufacturing company may not apply to a service-based organization.
Statement 2: Different industries have unique requirements and challenges, necessitating different management approaches.
Question : Statement 1: Management is a profession.
Statement 2: Management does not require specialized knowledge and skills.
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: The principles of management remain constant, regardless of the organization's environment.
Statement 2: Management principles are based on universal truths that apply universally.
Question : Statement 1: Management is a dynamic process.
Statement 2: Management is a static and unchanging concept.
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