Question : The scope of management is:
Option 1: Universal
Option 2: Limited to businesses only
Option 3: Limited to profit-making organizations
Option 4: Limited to non-profit organizations
Correct Answer: Universal
Solution : The scope of management is (a) Universal
Management is a discipline that applies to various domains and sectors, and its principles and functions can be applied universally. While management principles are often associated with businesses and profit-making organizations, the scope of management extends beyond those boundaries. Management principles and practices are also applicable in non-profit organizations, government agencies, educational institutions, healthcare organizations, and other sectors. The fundamental concepts of planning, organizing, leading, and controlling can be adapted and applied in different contexts to achieve organizational goals and optimize resources. Therefore, the scope of management is universal and not limited to any specific type of organization.
Question : Which of the following is not an importance of management in non-profit organizations?
Question : Statement 1: Management is the process of achieving organizational goals.
Statement 2: Management is limited to profit-oriented organizations.
Question : The directing function of management is closely related to:
Question : Which level of management is responsible for making decisions about the day-to-day operations of the organization?
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