{"id":34492,"date":"2024-04-15T09:31:41","date_gmt":"2024-04-15T09:31:41","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=34492"},"modified":"2024-04-15T09:31:41","modified_gmt":"2024-04-15T09:31:41","slug":"which-of-the-following-statements-is-are-correct-statement-i-lack-of-proper-management-results-in-wastage-of-time-and-resources-statement-ii-management-establishes-a-sound-organisation-by-allocati","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-is-are-correct-statement-i-lack-of-proper-management-results-in-wastage-of-time-and-resources-statement-ii-management-establishes-a-sound-organisation-by-allocati\/","title":{"rendered":"Which of the following statement(s) is\/are correct? Statement I Lack of proper management results in wastage of time and resources. Statement II Management establishes a sound organisation by allocating the work to individuals. Statement III Management is a science but not art."},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a98df602fa3f\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    Only Statement I                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    Only Statement II                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    Both Statements I and II                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"true\">\r\n                    All of the above                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is D. All of the above.<\/p>\n<p>Statement I is correct because if there is no proper management, then there will be no one to plan and organize the work, which will lead to wastage of time and resources.<\/p>\n<p>Statement II is correct because management is responsible for establishing a sound organization by allocating the work to individuals. This ensures that the work is done efficiently and effectively.<\/p>\n<p>Statement III is incorrect because management is both a science and an art. It is a science because it is based on principles and theories that have been developed over time. It is an art because it requires creativity and judgment to apply these principles and theories in a specific situation.<\/p>\n<p>Here are some additional details about each statement:<\/p>\n<ul>\n<li>Statement I: Lack of proper management results in wastage of time and resources.<\/li>\n<\/ul>\n<p>This is because if there is no one to plan <div class=\"youtube-subscribe-container\">\r\n     <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>    <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> and organize the work, then people will not know what to do or how to do it. This will lead to confusion and inefficiency, which will waste time and resources.<\/p>\n<ul>\n<li>Statement II: Management establishes a sound organisation by allocating the work to individuals.<\/li>\n<\/ul>\n<p>This is because management is responsible for ensuring that the work is done efficiently and effectively. This means that they need to allocate the work to the right people, with the right skills and experience. They also need to make sure that the work is organized in a way that makes sense and is easy to follow.<\/p>\n<ul>\n<li>Statement III: Management is a science but not art.<\/li>\n<\/ul>\n<p>This is incorrect because management is both a science and an art. It is a science because it is based on principles and theories that have been developed over time. These principles and theories can be used to understand and predict how people and organizations behave. However, management is also an art because it requires creativity and judgment to apply these principles and theories in a specific situation. There is no one-size-fits-all solution to management problems, and managers need to be able to think creatively and make decisions based on their judgment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[703],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which of the following statement(s) is\/are correct? Statement I Lack of proper management results in wastage of time and resources. Statement II Management establishes a sound organisation by allocating the work to individuals. Statement III Management is a science but not art.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-is-are-correct-statement-i-lack-of-proper-management-results-in-wastage-of-time-and-resources-statement-ii-management-establishes-a-sound-organisation-by-allocati\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which of the following statement(s) is\/are correct? Statement I Lack of proper management results in wastage of time and resources. Statement II Management establishes a sound organisation by allocating the work to individuals. Statement III Management is a science but not art.\" \/>\n<meta property=\"og:description\" content=\"Subscribe on YouTube\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-is-are-correct-statement-i-lack-of-proper-management-results-in-wastage-of-time-and-resources-statement-ii-management-establishes-a-sound-organisation-by-allocati\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T09:31:41+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Which of the following statement(s) is\/are correct? Statement I Lack of proper management results in wastage of time and resources. Statement II Management establishes a sound organisation by allocating the work to individuals. Statement III Management is a science but not art.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-is-are-correct-statement-i-lack-of-proper-management-results-in-wastage-of-time-and-resources-statement-ii-management-establishes-a-sound-organisation-by-allocati\/","og_locale":"en_US","og_type":"article","og_title":"Which of the following statement(s) is\/are correct? Statement I Lack of proper management results in wastage of time and resources. Statement II Management establishes a sound organisation by allocating the work to individuals. Statement III Management is a science but not art.","og_description":"Subscribe on YouTube","og_url":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-is-are-correct-statement-i-lack-of-proper-management-results-in-wastage-of-time-and-resources-statement-ii-management-establishes-a-sound-organisation-by-allocati\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T09:31:41+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-is-are-correct-statement-i-lack-of-proper-management-results-in-wastage-of-time-and-resources-statement-ii-management-establishes-a-sound-organisation-by-allocati\/","url":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-is-are-correct-statement-i-lack-of-proper-management-results-in-wastage-of-time-and-resources-statement-ii-management-establishes-a-sound-organisation-by-allocati\/","name":"Which of the following statement(s) is\/are correct? Statement I Lack of proper management results in wastage of time and resources. Statement II Management establishes a sound organisation by allocating the work to individuals. Statement III Management is a science but not art.","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-15T09:31:41+00:00","dateModified":"2024-04-15T09:31:41+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-is-are-correct-statement-i-lack-of-proper-management-results-in-wastage-of-time-and-resources-statement-ii-management-establishes-a-sound-organisation-by-allocati\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-is-are-correct-statement-i-lack-of-proper-management-results-in-wastage-of-time-and-resources-statement-ii-management-establishes-a-sound-organisation-by-allocati\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-is-are-correct-statement-i-lack-of-proper-management-results-in-wastage-of-time-and-resources-statement-ii-management-establishes-a-sound-organisation-by-allocati\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"Commerce","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/commerce\/"},{"@type":"ListItem","position":4,"name":"Business management","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/commerce\/business-management\/"},{"@type":"ListItem","position":5,"name":"Which of the following statement(s) is\/are correct? Statement I Lack of proper management results in wastage of time and resources. Statement II Management establishes a sound organisation by allocating the work to individuals. Statement III Management is a science but not art."}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d97f17072bfa490596c8f78363955d55?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d97f17072bfa490596c8f78363955d55?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/34492"}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=34492"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/34492\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=34492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=34492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=34492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}