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Which of the following statements best describes the nature of management?

easy MCQ 1 mark Class 12 · Business Studies · Nature and Significance of Management
  1. Management is a science that follows universal laws like physics.
  2. Management involves coordinating human, financial and physical resources to achieve organizational goals.
  3. Management deals only with large corporations and not with small enterprises.
  4. Management is a routine administrative task with no need for creativity.
Answer
Management involves coordinating human, financial and physical resources to achieve organizational goals.

The correct answer is Management involves coordinating human, financial and physical resources to achieve organizational goals. — Select the option that aligns with the definition; therefore option B is correct.

Step-by-step solution

  1. Read each option carefully and compare it with the definition of management.
  2. Option A calls management a pure science; management also requires art and skill, so it is not fully correct.
  3. Option B states that management is about coordinating resources to achieve goals, which matches the accepted definition.
  4. Option C limits management to large corporations, which is false because management is needed in all types of organisations.
  5. Option D reduces management to routine tasks without creativity, ignoring its dynamic nature.
  6. Select the option that aligns with the definition; therefore option B is correct.
Common mistake: Choosing the statement that calls management only a science

Concept tested: Nature of management

Published · How this solution was prepared and checked

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