Statement - (I) : Management is the art of knowing what you want to do and then seeing that it is done…
Both Statement (I) and Statement (II) are correct classic definitions of management. Statement (I)—'Management is the art of knowing what you want to do and then seeing that…
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Statement - (I) : Management is the art of knowing what you want to do and then seeing that it is done in the best and the cheapest way. Statement - (II) :Management is the process of planning and regulating the activities of an enterprise.
Answer and explanation
Correct answer D
Both Statement (I) and Statement (II) are correct classic definitions of management. Statement (I)—'Management is the art of knowing what you want to do and then seeing that it is done in the best and the cheapest way'—was given by F.W. Taylor, while Statement (II)—'Management is the process of planning and regulating the activities of an enterprise'—was given by E.F.L. Brech.
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UGC NET Commerce