Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

....................in management is concerned with doing the right task, completing activities and achieving goals.

Options:

Effectiveness

Efficiency

Sustainability

Quality

Correct Answer:

Effectiveness

Explanation:

The correct answer is option 1- Effectiveness.

Effectiveness in management is concerned with doing the right task, completing activities and achieving goals.

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.

 

OTHER OPTIONS

  • Efficiency means doing the task correctly and with minimum cost. There is a kind of cost-benefit analysis involved and the relationship between inputs and outputs. If by using less resources (i.e., the inputs) more benefits are derived (i.e., the outputs) then efficiency has increased. Efficiency is also increased when for the same benefit or outputs, fewer resources are used and less costs are incurred.
  • Sustainability is about long-term environmental/social responsibility.
  • Quality is about the standard of the output, not the broader concept of achieving goals.