Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

'An organization must earn enough revenue to cover costs'.

Which organizational objective is highlighted in the given statement?

Options:

Survival

Growth

Profit

Employment creation

Correct Answer:

Survival

Explanation:

The basic objectives of any business is survival. Management must strive to ensure the survival of the organisation. In order to survive, an organisation must earn enough revenues to cover costs.