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