Question : Statement 1: Management is the process of achieving organizational goals.
Statement 2: Management is limited to profit-oriented 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 true, and Statement 2 is false.
Solution : The correct answer is (c) Statement 1 is true, and Statement 2 is false.
Statement 1 is true because management is indeed the process of achieving organizational goals, and this is a fundamental aspect of management.
Statement 2 is false because management is not limited to profit-oriented organizations. Management principles and practices are applied in a wide range of organizations, including non-profit organizations, government agencies, educational institutions, and more. The concept of management is not restricted to organizations with a profit motive.
