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.
Question : Statement 1: Effective leadership is not essential for successful management.
Statement 2: Effective leadership is crucial for motivating employees and achieving organizational goals.
Question : Statement 1: Effective leadership is essential for successful management.
Statement 2: Leaders inspire and motivate employees to achieve organizational goals.
Question : Statement 1: The primary objective of management is to maximize profits.
Statement 2: The primary objective of management is to achieve organizational goals efficiently.
Question : Statement 1: The management principles used in the public sector can also be applied in the nonprofit sector.
Statement 2: Both sectors have similar organizational structures and goals.
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