Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

Which of the following objectives are achieved by an organization to fulfill the economic objectives of a business?

Options:

Organisational objectives

Social objectives

Personnel objectives

None of these

Correct Answer:

Organisational objectives

Explanation:

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.