Correct Answer: Both assertion and reason are correct, and the reason explains the assertion.

Solution : The correct answer is (a) Both assertion and reason are correct, and the reason explains the assertion.

The assertion that "Management is a dynamic process" is correct. Management is indeed a dynamic process because it involves ongoing activities and decision-making that adapt to changing circumstances and situations within an organization.

The reason provided is also correct. Management requires adapting to changing circumstances and making necessary adjustments to achieve organizational goals effectively. This adaptation is a key characteristic of the dynamic nature of management.

Furthermore, the reason effectively explains the assertion. It highlights the dynamic aspect of management by emphasizing the need for adaptation and adjustment in response to changing conditions.