Question

The floor manager of a mall, Mr. Kashyap, is a very good manager, as he utilises all the functions of management to minimise the cost of maintenance of his area. He directs all the staff members under him to follow the targets and advises them to put their efforts in the direction of the achievement of these targets. Under his guidance the employees admit that they learn a lot and are able to meet their targets. This has led to the increase in their salaries.

Identify the importance of management highlighted above.

Options

• Helps in achieving group objectives and Optimum utilization of resources

• Optimum utilization of resources and Survival and growth

• Optimum utilization of resources and Minimisation of cost

• Helps in achieving group objectives and Minimisation of cost

Answer 1

Helps in achieving group objectives and Minimisation of cost