Which of the following statements are true about management?

(A) Management is required at all levels of the organization.

(B) Management is only necessary for profit-making organizations.

(C) Management is a complex activity.

(D) Management is both an art and a science.

Choose the correct answer from the options given below:

Option 1 -> (A), (B) and (D) only - Incorrect because statement (B) is false as management is needed in all organizations, not just profit-making ones, and it excludes statement (C) which is true.

Option 2 -> (A), (C) and (D) only - This correctly identifies that management is required at all levels, is a complex activity, and is both an art and science, while excluding the false statement (B).

Option 3 -> (A), (B), (C) and (D) - Incorrect because it includes statement (B) which is false as management is essential for non-profit organizations, government bodies, and NGOs as well.

Option 4 -> (B), (C) and (D) only - Incorrect because it includes the false statement (B) and excludes the true statement (A).

Hence, Option 2: (A), (C) and (D) only -> Statement (A) is true as management is required at top, middle, and lower levels; Statement (C) is true as management involves complex decision-making with multiple variables; Statement (D) is true as management has systematic principles (science) and requires personal skills and creativity (art); Statement (B) is false as management is necessary for all types of organizations, not just profit-making ones -> correct