Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

There are two statements marked as Assertion (A) and Reason (R). Mark your answer as per the options given below.

Assertion: Management is a universal concept.
Reasoning: Management is required in every organisation whether it is business or non business.

Options:

Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A.

Both Assertion (A) and reasoning (R) are correct and but R is not the correct explanation of A.

Assertion (A) is true but Reasoning (R) is not correct.

Assertion (A) is not true but Reasoning (R) is correct.

Correct Answer:

Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A.

Explanation:
The correct answer is Option 1: Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A.

Here's why:

  • Assertion (A) is true: Management is indeed a universal concept. Regardless of the type of organization (business, non-profit, government agency, etc.), all organizations share the need to coordinate resources, set goals, make decisions, and achieve objectives. This coordination and direction is at the core of what management is.
  • Reasoning (R) is true: Every organization, whether it's a business or non-business, requires management. Businesses need management to generate profits and stay competitive, while non-businesses need management to achieve their social, cultural, or educational goals.
  • Reasoning (R) explains Assertion (A): The requirement for management in every organization directly supports the claim that management is a universal concept. The specific goals and activities may differ, but the underlying principles of planning, organizing, leading, and controlling resources remain consistent across all organizational types.