Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:
Management needs to be effective. It means-
Options:
Finishing the given task in given time at the estimated cost.
Finishing the given task in given time even at higher cost than the estimated cost.
Both of 1 and 2 are correct
None of the above
Correct Answer:
Finishing the given task in given time even at higher cost than the estimated cost.
Explanation:
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 even at a higher cost.