Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

Radha owns a company of handmade craft in a rural area and she employed marginal sections of society in her company and gave them wages as per the work completed by them. Identify the objective of management that is accomplished by Radha.

Options:

Organisational Objective

Social Objective

Intangible Objective

Personal Objective

Correct Answer:

Social Objective

Explanation:

The correct answer is option (2) : Social Objective

The objective of management accomplished by Radha is "Social Objective". By employing marginalized sections of society and providing them with wages based on their work, Radha is contributing to social welfare.

Social objectives involves the creation of benefit for society. As a part of society, every organisation whether it is business or non-business, has a social obligation to fulfill. This refers to consistently creating economic value for various constituents of society. This includes using environmental friendly methods of production, giving employment opportunities to the underprivileged sections of society and providing basic amenities like schools and healthcare, etc., for community.