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Question
'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.
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Read the following text and answer the following question on the basis of the same:
Sana is the branch manager of ABC Handicrafts Pvt. Ltd. The company’s objective is to promote the sales of Indian handloom and handicraft products. It sells fabrics, furnishings, ready-mades and household items are made out of traditional Indian fabrics.
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The above line focus on which feature of management?
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______ is used extensively for all types of activities and mainly for taking charge of different activities in any enterprise.
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| Column I | Column II | |
| (i) | Goal-oriented process | Management is a complex activity involving management of people, work and operations. |
| (ii) | Group activity | Some aims and objectives are the basic reason for existence of an organisation. |
| (iii) | Multi-dimensional | Diverse individuals with different needs work together to fulfill the common organisational goal. |
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