Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

Which of the following is not an organisational objective of management?

Options:

Earning enough revenue to cover costs

Earning sufficient profits to cover risks of business

Providing free education to their employee's children

None of the above

Correct Answer:

Providing free education to their employee's children

Explanation:

Providing free education to children is a social objective of management. 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