Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

.........is essential for covering costs and risks of the business.

Options:

Survival

Profit

Employment creation

Growth

Correct Answer:

Profit

Explanation:

Mere survival is not enough for business. Management has to ensure that the organisation makes a profit. Profit provides a vital incentive for the continued successful operation of the enterprise. Profit is essential for covering costs and risks of the business.