Which characteristic of management is signified by the following statement: In an organisation, employees are happy and satisfied.
Management is an intangible force.
Management is a group activity.
Management is a continuous process.
None of these.
It signifies that management is an intangible force.
Which of the following statements does not clearly distinguish between entrepreneurship and management?
(a) Entrepreneurs found the business; managers operate it
(b) Entrepreneurs are the owners of their business; managers are employees
(c) Entrepreneurs earn profits; managers earn salaries
(d) Entrepreneurship is once for all activity; management is a continuous activity
With a suitable example, define how management is an intangible force.