Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

People in the organisations carry out diverse tasks with the aim to achieve:

Options:

Different objectives

Common objectives

Both of the above

None of the above

Correct Answer:

Common objectives

Explanation:

People in organisations are performing diverse tasks but they are all working towards the same goal. Management aims at guiding their efforts towards achieving a common objective — a goal. Thus, management has to see that tasks are completed and goals are achieved (i.e., effectiveness) with the least amount of resources at a minimum cost (i.e., efficiency).