Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

Tata Company is working in many fields like Tata motors, tata consultancy, etc. Tata Group provides scholarship in the field of education and is also engaged in healthcare projects such as the creation of awareness of AIDS. The company has set the goal of manufacturing 1 lakh cars in the month of October so that on Diwali there are not any problems due to stock. To achieve this goal, the company has divided its work and established the authority and responsibility relationship. Tata Group also maintains a healthy relations with employees. Employee's needs are considered very properly by the management such as peer recognition, and healthy working conditions. The company is achieving goals very well so it is thinking about expanding its business in more sectors. Mr A working as the supervisor in the company interacts with the workers on a regular basis so that quality of output is maintained and their problems can be known in a better way.

'Tata group provides scholarship in the field of education and also engaged in healthcare projects such as creation of awareness of AIDS.'

Which objective of management is highlighted in the above line?

Options:

Organisational objectives

Personnel objectives

Social objectives

None of these

Correct Answer:

Social objectives

Explanation:

Social objectives involves the creation of benefit for society. As a part of society, every organisation whether it is business or non-business, has a social obligation to fulfill. This refers to consistently creating economic value for various constituents of society. This includes using environmental friendly methods of production, giving employment opportunities to the underpreviledged sections of society and providing basic amenities like schools and healthcare, etc., for community. The box given below illustrates how a company can fulfill its social responsibility.