Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:
Which of the following element of management deals with end results only?
Options:
Effectiveness
Efficiency
Both of 1 and 2 are correct
None of the above
Correct Answer:
Effectiveness
Explanation:
Effectiveness in management is concerned with doing the right task, completing activities and achieving goals. In other words, it is concerned with the end result. Efficiency means the work has been done at the least cost.