Question : Statement 1: The success of an organization depends solely on its management team's ability to make informed decisions.
Statement 2: The success of an organization depends on various internal and external factors.
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 the success of an organization does not depend solely on its management team's ability to make informed decisions. Success is influenced by a wide range of internal and external factors, including market conditions, economic factors, competition, technological advancements, the skills and dedication of the workforce, and more.
Statement 2 is true because an organization's success is the result of a complex interplay of various internal and external factors, and it's not solely determined by the management team's decisions.
