Which of the following statements about management is FALSE?

Option 1 -> Management is required at all levels of the organization - This is true as management functions are needed at top, middle, and lower levels to coordinate activities and achieve organizational goals.

Option 2 -> Management is only necessary for profit-making organizations - This is false because management is essential for all types of organizations including non-profits, government bodies, educational institutions, and NGOs.

Option 3 -> Management involves decision-making - This is true as decision-making is a fundamental management function that occurs in planning, organizing, directing, and controlling.

Option 4 -> Management is both an art and a science - This is true because management uses systematic principles and theories (science) while also requiring personal skills, creativity, and judgment (art).

Hence, Option 2 -> Management is required universally across all organizations regardless of their profit motive. Non-profit organizations, government agencies, hospitals, schools, and charitable institutions all need effective management to achieve their objectives and utilize resources efficiently -> correct