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Question : Statement 1: The success of management depends solely on external factors such as the economy and market conditions.

Statement 2: The success of management depends on both 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.


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 15th Jan, 2024

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 management is not solely dependent on external factors like the economy and market conditions. Internal factors, such as effective leadership, organizational culture, strategic decision-making, and the efficient use of resources, also play a significant role in determining the success of management.

Statement 2 is true because the success of management depends on both internal and external factors. Effective management takes into account a combination of factors, including the organization's internal capabilities and external environmental conditions, to make strategic decisions and achieve its objectives.

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