Correct Answer: Correct answer is: (C) Only 1, 2, 3.
Exam Relevance: UPSC, GRE, GMAT, CAT
Difficulty: Moderate
Concept notes: The statements provided cover a range of topics including management systems, religious beliefs, and investment principles. Each statement is independently true based on their respective fields.
Common Mistakes: Students may incorrectly assume that not all statements are true, leading them to choose options that exclude one or more statements.
Explanations: Statement 1: Executive Support Systems (ESS) are designed to assist top-level management in strategic planning by providing comprehensive data analysis and visualization tools. This is a well-established fact in the field of management information systems. Statement 2: The concept that any activity can be an act of worship is a belief held in many religious and spiritual traditions. This statement is true from a philosophical and religious perspective. Statement 3: In finance, the principle that higher potential returns are associated with higher risk is a fundamental concept. This is a widely accepted principle in investment theory and practice. Since all three statements are independently true, the correct answer is that all three statements are true.
Option Analysis: - Option A: Incorrect because it excludes statement 3.
- Option B: Incorrect because it excludes statement 2.
- Option C: Correct because it includes all three true statements.
- Option D: Incorrect because it excludes statement 1.
Mnemonic: ESS, Worship, Risk-Return
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