Ability to produce goods with fewer resources but not achieving the target production on time indicates lack of:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Effectiveness
Option (1) Efficiency — Incorrect. Efficiency means doing the task correctly at the minimum cost. Producing goods with fewer resources shows the firm is efficient, so efficiency is not what it lacks.
Option (2) Effectiveness — Correct. Effectiveness means doing the right task and finishing it on time. It is concerned with the end result. A firm that misses its production target has not achieved its goal, so it lacks effectiveness. Management needs both: low cost and the target met.
Option (3) Cooperation — Incorrect. Cooperation is people working together willingly. The situation says nothing about people failing to work together.
Option (4) Coordination — Incorrect. Coordination means linking the efforts of different departments. It is not the measure of whether a target was met or how much was spent.
NCERT (2026-27 Edition): “Concept … Being effective or doing work effectively basically means finishing the given task. 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. But it is not enough to just complete the tasks. There is another aspect also, i.e., being efficient or as we say doing work efficiently. Efficiency means doing the task correctly and with minimum cost. …” |