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CSEET · Business Laws and Management · Introduction to Management

Consider these statements about organisational objectives. (I) Survival, profit and growth are organisational objectives. (II) Providing employment and improving quality of life through goods and services are social objectives. Which is correct?

Both statements are correct. Survival, profit and growth are organisational objectives of a business, while creating employment opportunities and supplying useful goods and services that improve living standards are social objectives. Management has to balance both kinds of objectives.

  1. AOnly I is correct
  2. BOnly II is correct
  3. CBoth I and II are correctCorrect
  4. DNeither I nor II is correct

Explanation

Survival, profit and growth are the classic organisational objectives. Creating employment and supplying quality goods and services are social objectives. Both statements are true, so choosing only one ignores half of the classification.

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