Question : Statement 1: Management is necessary only for large organizations.
Statement 2: Management is essential for all types and sizes of organizations.
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 management is not necessary only for large organizations. Management is essential for organizations of all types and sizes. Even small businesses and non-profit organizations require management to plan, organize, lead, and control their activities effectively.
Statement 2 is true because management is indeed essential for all types and sizes of organizations to achieve their goals and objectives efficiently and successfully.
