4 Views

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


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 11th Jan, 2024

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.

Related Questions

UPES Integrated LLB Admission...
Apply
Ranked #28 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS University Rankings | 16.6 LPA Highest CTC
SLAT 2025 - The Symbiosis Law...
Apply
Conducted by Symbiosis International (Deemed University) | Ranked #5 in Law by NIRF | Ranked #2 among best Pvt Universities by QS World Rankings
Jindal Global Law School Admi...
Apply
Ranked #1 Law School in India & South Asia by QS- World University Rankings | Merit cum means scholarships
Symbiosis Law School Pune Adm...
Apply
NAAC A++ Accredited | Ranked #5 by NIRF
Nirma University Law Admissio...
Apply
Grade 'A+' accredited by NAAC
Great Lakes PGPM & PGDM 2025
Apply
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Application Deadline: 1st Dec 2024
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books