The aim of resources are to provide satisfaction of family members. Elizabeth Hoyt in her book 'consumption in our society' has stated which of the following with regard to resources?
1. Knowledge of alternate uses
2. Balancing choices among resources
3. Supplementing resources
4. Enhanced use and increase in skills
Select the correct answer
A. 1 and 2
B. 1 and 4
C. All of these
D. 1, 2 and 3
Answer: Option C
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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
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
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