Correct Answer: The assertion is correct, but the reason is incorrect.

Solution : The correct answer is (c) The assertion is correct, but the reason is incorrect.

The assertion that "management is termed as a continuous and a group activity" is correct. Management is indeed considered a continuous and collective process involving various individuals working together to achieve organizational objectives.

However, the reason provided is not accurate. While individuals in an organization may have their own personal objectives, it is a fundamental principle of effective management that individual goals should align with organizational objectives. In well-managed organizations, there is a focus on ensuring that employees work toward the fulfillment of both personal and organizational objectives. So, the reason doesn't accurately explain the assertion.