CSEET · Business Laws and Management · Principles of Management and Modern Approaches
Consider these statements about management. I. Management is a goal-oriented process. II. Management is needed only in large business firms. III. Management is a continuous and all-pervasive activity. Which statements are correct?
Statements I and III are correct. Management is a goal-oriented process directed at achieving organisational objectives, and it is a continuous, pervasive activity found in every organisation and at every level. Statement II is wrong because management is needed in organisations of all sizes and types.
- AI and II only
- BII and III only
- CI and III onlyCorrect
- DI, II and III
Explanation
Management aims at achieving organisational objectives, so it is goal-oriented. It is needed at all levels and in every type of organisation, and it never stops, so it is continuous and pervasive. Statement II is wrong because small firms, NGOs and hospitals also need management.
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