Advertisements
Advertisements
प्रश्न
Akash works as a production manager in ‘Elite Enterprises’ manufacturing LED lights. Due to festive season, there is lot of demand for their lights. Akash was given the task of producing 100 units of LED lights @ ₹ 200 per unit within 5 days for an urgent order. Akash was able to achieve the target of 100 units of LED lights within 5 days @ ₹ 220 per unit.
Identify from the following whether Akash is:
पर्याय
Efficient only
Effective only
Both efficient and effective
Neither efficient nor effective
Advertisements
उत्तर
Effective only.
Explanation:
Effectiveness is about doing the right task, completing the assigned job on time, no matter the cost. It simply means doing tasks on schedule.
Efficiency is about doing the job cost-effectively, i.e., getting maximum output with minimum input. It means executing things right in a faster and more cost-effective manner.
APPEARS IN
संबंधित प्रश्न
'Management is the process of getting things done.' State the meaning of the term 'process' used in this statement.
'Is Management concerned only with doing the right task, completing activities and achieving goals without taking into consideration the cost benefit?' Give reason in support of your answer.
What is meant by 'effectiveness' in management?
What is meant by 'Management'?
Answer the question briefly.
Why is management considered to be discipline?
“Management is universal.” Comment.
Explain any three objectives of management.
Answer the following question.
Management is a complex activity that has three main dimensions. Explain these dimensions.
Efficiency is concerned with ______.
Read the following text and answer the following question on the basis of the same:
Simplex Limited had been taken over by Mundhra Group immediately following India's independence. Since then it enjoys a rich record of industry presence and experience. In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions before launching ERP system to attract large projects. The management had done effective forecast and critical thinking regarding allocation of resources to reduce wastage. For this purpose, the company had laid down multiple courses of action to meet the challenge of adverse situations. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures. The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time. In 2010 the system implemented successfully which subsequently helped the company to execute numerous projects with precision and timeliness.
"The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time." Which is the last step of the process mentioned here?
Which study is the study of movements?
Management is the process of designing and maintaining an environment in which ______. work together ______, efficiently and effectively accomplishing selected aims.
Which of the following feature of management involved in managing an enterprise is common to all organisations whether economic, social or political :
McDonald's keeps introducing new variety of Burgers in its menu. Which characteristic of management is highlighted in this?
Guiding or motivating, such as encouraging teamwork in a household, refers to which management function?
In which types of organizations is management required?
What does the concept of effectiveness specifically address in management?
What is the ultimate aim of management in an organizational context?
