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Question : The scope of management is:

Option 1: Universal
 

Option 2: Limited to businesses only
  

Option 3: Limited to profit-making organizations

 

Option 4: Limited to non-profit organizations


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 11th Jan, 2024

Correct Answer: Universal
 


Solution : The scope of management is (a) Universal

Management is a discipline that applies to various domains and sectors, and its principles and functions can be applied universally. While management principles are often associated with businesses and profit-making organizations, the scope of management extends beyond those boundaries. Management principles and practices are also applicable in non-profit organizations, government agencies, educational institutions, healthcare organizations, and other sectors. The fundamental concepts of planning, organizing, leading, and controlling can be adapted and applied in different contexts to achieve organizational goals and optimize resources. Therefore, the scope of management is universal and not limited to any specific type of organization.

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