Question : Statement 1: The management process is continuous and ongoing.
Statement 2: It involves a series of interconnected functions that are performed repeatedly.
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 the management process is indeed continuous and ongoing. It involves activities that continue to operate as long as the organization exists to ensure its effectiveness and success.
Statement 2 is also true because the management process involves a series of interconnected functions (planning, organizing, leading, and controlling) that are performed repeatedly to achieve organizational goals. These functions are interrelated and often conducted in a cyclical or continuous manner to manage the organization effectively.
Question : Statement 1: Management is considered a profession.
Statement 2: It requires specialized knowledge, skills, and ethical standards.
Question : Assertion: The management process is continuous and ongoing.
Reason: It involves a series of interconnected functions that are performed repeatedly.
Question : Statement 1: Effective management can lead to a competitive advantage for an organization.
Statement 2: It helps in delivering products and services more efficiently than competitors.
Question : Statement 1: A matrix organizational structure enhances cross-functional collaboration.
Statement 2: It involves a tall hierarchy with multiple layers of management.
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