Question : Statement 1: The management principles used in the public sector are different from those applied in the private sector.
Statement 2: Public sector organizations have different objectives and responsibilities compared to private companies.
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 principles in the public sector can indeed differ from those applied in the private sector. Public sector organizations often have unique characteristics, such as different objectives, regulatory constraints, and accountability structures, which can lead to variations in management approaches.
Statement 2 is also true because public sector organizations typically have different objectives and responsibilities compared to private companies. Public sector organizations often exist to serve the public interest, provide public services, and meet government mandates, whereas private companies are primarily focused on profit generation and shareholder value. These differing objectives and responsibilities can result in distinct management practices in each sector.
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