Question : The nature of management is influenced by changes in:

Option 1: Social factors
   

Option 2: Technological factors
   

Option 3: Economic factors

Option 4: All of the above

Question : The nature of management is influenced by the:

Option 1: Size of the organization
    

Option 2: Nature of the business
  

Option 3: External environment

Option 4: All of the above

Question : The nature of management is influenced by:

Option 1: Government policies
   

Option 2: Economic conditions
  

Option 3: Technological advancements

Option 4: All of the above

Question : Case Study: ABC Retailers

ABC Retailers is a chain of stores specializing in fashion apparel. They have a hierarchical management structure with top management, middle-level management, and lower-level management. The company aims to provide a wide range of trendy clothing options and outstanding customer service.

The nature of management in ABC Retailers is influenced by:

Option 1: Internal factors only
 

Option 2: External factors only

Option 3: Both internal and external factors

Option 4: -

Question : Statement 1: The success of management depends solely on external factors such as the economy and market conditions.

Statement 2: The success of management depends on both internal and external factors.

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.