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
Answer (1)
23rd Jan, 2024
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.
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