Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

The activities involved in managing an enterprise are common to all organisations, whether economic, social or political.

Which characteristic of management is highlighted in this statement?

Options:

Management is multi dimensional

Management is a continuous process

Management is a dynamic function

Management is all pervasive

Correct Answer:

Management is all pervasive

Explanation:

The correct answer is option (4) : Management is all pervasive

The characteristic of management highlighted in this statement is Management is all pervasive.

* Management is all pervasive: The activities involved in managing an enterprise are common to all organisations whether economic, social or political. A petrol pump needs to be managed as much as a hospital or a school. What managers do in India, the USA, Germany or Japan is the same. How they do it may be quite different. This difference is due to the differences in culture, tradition and history. .

* Management is multidimensional: Management is a complex activity and involves three dimensions namely. Management of work, Management of people (and) Management of operations

* Management is a continuous process : Management consists of a series of functions like planning, organising, staffing and controlling which are continuous and composite in nature. These functions are simultaneously performed by all managers all the time, Hence, management is considered a continuous process.

* Management is a dynamic function: Every organisation works in an environment which keeps on changing. The external environment which consists of various social, economic and political factors keep changing. In order to be successful, an organisation must change itself and its goals according to the needs of the environment.