General Studies · Functions of Management - Fayol's Classification
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: Within the functional classification of an industrial undertaking, accounting activities include stock-taking, balance sheets, and costs. Reason R: These accounting activities are defined as the operations focused on the search for and the optimum use of capital. In the light of the above statements, choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both A and R are correct and R is the correct explanation of A
- 2Both A and R are correct but R is NOT the correct explanation of A
- 3A is correct but R is not correct✓
- 4A is not correct but R is correct
Correct answer
A is correct but R is not correct
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