Which of the following statement(s) is/are correct?
A. Short-term goals are used as a means of achieving other goals
B. As the years go by the family goals help direct and control the desire of the group and thus, shape the family's pattern of living
C. Clearly defined goals not only encourage the wise use of family resources, they also stimulate the cooperation
D. All of the above
Answer: Option D
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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