Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

Organisations are made up of people who have different personalities, backgrounds, experiences and objectives. They all become part of the organization to satisfy their diverse needs. These vary from financial needs such as competitive salaries and perks, social needs such as peer recognition and higher-level needs such as personal growth and development. Management has to reconcile personal goals with organizational objectives for harmony in the organisation.

Why do individuals join organizations?

Options:

To fulfill financial needs only

To meet social needs exclusively

To satisfy diverse needs

To pursue personal growth and development

Correct Answer:

To satisfy diverse needs

Explanation:

Organizations are made up of people with diverse personalities, backgrounds, experiences, and goals. They all join organizations to meet their different or diverse needs. Management helps in achieving the individual goals.