Question : What is the nature of management highlighted in the below statement? Reliance industries is able to achieve the target of production of 20 units within the prescribed period. However, to achieve the target on time, additional 5000 were paid as overtime wages to employees.
Option 1: Effectiveness
Option 2: Efficiency
Option 3: Both A and B
Option 4: Neither A nor B
Correct Answer: Effectiveness
Solution : Reliance industries is effective as products gets completed on time. But it is not efficient as additional cost has been incurred to complete the target. Hence Option A is correct.
Question : Employees given responsibility to achieve target production but no authority is given for access to raw material. Identify the principle of management highlighted in the given statement?
Question : Identify the principal of management in the following case. A superior told his subordinate that he will be given the responsibility to achieve the target production but in real terms no authority is given for access to the raw material.
Question : Which objective of government budget is highlighted here? The taxation and government spending helps to Set up production unit in the economically backward areas.
Question : Which objective of government budget is highlighted here? Development of infrastructure facilities enhances the production activity of different sectors of the economy. This implies a sustainable increase in the real GDP.
Question : Which aspect of management is highlighted in the below statement? In whale Ltd, the purchase department purchased 5 tonnes of raw materials for the production department. The production department needs just 2 tonnes. Due to this reason, goods were over produce and were
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile