Arrange in sequence the steps involved in the planning process of management.
1. Formulating possible course of action
2. Setting priorities.
3. Obtainingrelevant information.
4. Organising.
5. Recognition of the fact that a problem exists.
6. Selecting the best course.

Which of the following statement(s) is/are correct about management?

A. Management is a universal phenomena

B. It is an umbrella term under which individual work together to achieve a common goal

C. It is an art and as well as science

D. All of the above

The term 'management' is coined from the . . . . . . . . word 'menage'.

A. Greek

B. French

C. Latin

D. Spanish

"Resource management is the utilisation of resources to achieve one's goal, objective and to meet demand it involves knowing the quantitative and qualitative aspects." This has been stated by

A. K. Kautilya

B. Rose, Randle Knoll

C. Gross and Crandal

D. Nickell and Dorsey

The primary goal of money management is

A. to maximise the return

B. to minimise the risk

C. to maximise the wealth of owners

D. to maximise profit