Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

Given below are two statements. read them carefully and choose the correct answer from the given options.
Statement 1: Successful organisations are successful because they follow the deliberate process of management.
Statement 2: Chance has no role to play in the achievement of goals by the successful organisations.

Options:

Only Statement 1 is Correct

Only Statement 2 is Correct

Both Statements are Correct

None of the statement is correct

Correct Answer:

Both Statements are Correct

Explanation:

Working as a manager consists of a series of different activities or functions aimed at achieving the goals of the organisation. These interconnected and interdependent functions are part of management. Successful organisations do not achieve their goals by chance but by following a deliberate process called ‘management’.