Identify, which of the following statements are correct?

A. Art involves the creative practice of existing theoretical knowledge.

B. The Government reduced the number of Industries under compulsory licensing to seven in 'New Industrial policy', 1991.

C. Scientific principles have universal validity and application.

D. Profession is undertaken to serve the clients by rendering dedicated and committed service.

E. The process of synchronising the activities of different departments is known as coordination.

Choose the correct answer from the options given below.

A, C, D and  E only

The correct answer is option (3) : A, C, D and  E only.

A. Art involves the creative practice of existing theoretical knowledge- This is correct. All art is practical. Art involves the creative practice of existing theoretical knowledge. We know that all music is based on seven basic notes. However, what makes the composition of a musician unique or different is his use of these notes in a creative manner that is entirely his own interpretation.

B. The Government reduced the number of Industries under compulsory licensing to seven in 'New Industrial policy', 1991- This is incorrect as the Government reduced the number of industries under compulsory licensing to six not seven.

C. Scientific principles have universal validity and application- This is correct. The principles of management are intended to apply to all types of organisations, business as well as non-business, small as well large, public sector as well as private sector, manufacturing as well as the services sectors. However, the extent of their applicability would vary with the nature of the organisation, business activity, scale of operations and the like.

D. Profession is undertaken to serve the clients by rendering dedicated and committed service- This is correct. The basic motive of a profession is to serve their client’s interests by rendering dedicated and committed service. The task of a lawyer is to ensure that his client gets justice.

E. The process of synchronising the activities of different departments is known as coordination- This is correct. Coordination involves synchronisation of the different actions or efforts of the various units of an organisation. Coordination unifies unrelated or diverse interests into purposeful work activity. It gives a common focus to group effort to ensure that performance is as it was planned and scheduled.