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'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. - Business Studies

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'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.

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Solution

The given statement is not true. Management does not ignore cost benefit analysis while doing its primary work i.e. doing the right task, completing activities and achieving goals. Rather, management aims for an efficient utilisation of organisational resources to achieve the predetermined goals of the organisation. Hence, management focusses on both efficiency and effectiveness.

Concept: Concept of Management
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