Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:
Manager of ABC Ltd achieved the target production but at a higher production cost. In this case manager is
Options:
Effective and efficient
Efficient but not effective
Effective but not efficient
None of the above
Correct Answer:
Effective but not efficient
Explanation:
Efficient utilization of resources refers to getting the things done in the right manner, in minimum time with the minimum cost incurred and with no wastage of resources. Effectiveness refers to achieving target and setting goal in right direction. Thus, he is effective but not efficient.