Practicing Success
Practicing Success
CUET Preparation Today
| ABC Ltd needed funds for a big order. The management borrowed money from a bank @15% interest while the prevailing rate of interest was 12%. As a result of the funds, the company was able to achieve the target. In this scenario management was...................... |
Effective Efficient Both 1 and 2 Inefficient |
| Effective |
| 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 which is not the case as the company has incurred more interest cost in this case.. |
