Nature and Significance of Management · Class 12 · CBSE · Commerce Business Studies
Rohan is working as a regional manager in a manufacturing firm. He ensures that his department meets its production targets efficiently by minimizing…
Practice question from Nature and Significance of Management (Class 12 · CBSE · Commerce Business Studies), with the correct answer and a step-by-step solution.
medium · MCQ · Q-6537D7
Rohan is working as a regional manager in a manufacturing firm. He ensures that his department meets its production targets efficiently by minimizing resource wastage and effectively by achieving the goals on time. Which twin concepts of management are highlighted here?
- A.Coordination and Cooperation
- B.Efficiency and EffectivenessCorrect answer
- C.Planning and Controlling
- D.Administration and Management
Solution
Effectiveness is concerned with doing the right task and achieving goals on time, whereas efficiency involves doing the task correctly with minimum cost and resource wastage. Rohan is ensuring both.
More from Nature and Significance of Management
- Management is not only a source of livelihood but also has a well-defined code of conduct, professional association, and ethical guidelines…
- At which level of management does a Chief Executive Officer (CEO) operate?
- A manager applies the theoretical principles of Henry Fayol in organizing a new project team, modifying them based on personal experience a…
- Which of the following dimensions of management involves translating broad organizational objectives into specific departmental goals, assi…
Practise more Business Studies
Sign up free for adaptive practice on this chapter, with instant feedback and hints on every question.
Start practising freeFree to start · No credit card needed