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Question
State with reasons whether the following statement is TRUE or FALSE
Functions of management has no role to play in success or failure of an organization.
Options
True
False
Solution
Functions of management have no role to play in success or failure of an organisation. - False
Explanation: The functions of management directly affect the success or failure of any organisation. Planning, organising, staffing, directing and controlling are the functions that help in successful achievement of the organisational goals with minimum cost and resources.
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RELATED QUESTIONS
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Which of the following is an objective of standardization?
Name the function of management which helps in the formulation of future plans, in the light of the problems that were identified and thus, helps in better planning in the future period.
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