Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

Which of the following is an organisational objective of management?

Options:

Survival

Profit

Women Empowerment

Both 1 and 2

Correct Answer:

Both 1 and 2

Explanation:

OPTION 1-Survival
OPTION 2-Profit
OPTION 3-Women Empowerment
Management is responsible for setting and achieving objectives for the organisation. It has to achieve a variety of objectives in all areas considering the interest of all stakeholders including, shareholders, employees, customers and the government. The main objective of any organisation should be to utilise human and material resources to the maximum possible advantage, i.e., to fulfill the economic objectives of a business. These are survival, profit and growth. So, correct ans both options 1 and 2.