Question : Statement 1: Management is necessary in all types and sizes of organizations.
Statement 2: Management ensures effective utilization of resources and achievement of objectives.
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:
Both statements are true
Solution : The correct answer is (a) Both statements are true.
Statement 1 is true because management is indeed necessary in all types and sizes of organizations. Management involves the process of planning, organizing, leading, and controlling resources to achieve specific objectives, which is essential for the effective operation of any organization.
Statement 2 is also true because one of the primary roles of management is to ensure the effective utilization of resources and the achievement of organizational objectives. This is a fundamental function of management in any organization.
