Question : Which objective of management focuses on the efficient use of resources?
Option 1: Economic objective
Option 2: Social objective
Option 3: Organizational objective
Option 4: Personal objective
Correct Answer:
Economic objective
Solution : The correct answer is (a) Economic objective
The economic objective of management emphasizes the efficient utilization of resources to achieve organizational goals. This objective involves optimizing the use of financial, physical, and human resources in a way that maximizes productivity and minimizes waste. Managers strive to allocate resources effectively, streamline processes, reduce costs, and improve efficiency in order to enhance the organization's financial performance. By focusing on the economic objective, management aims to achieve sustainable growth, profitability, and long-term success. Therefore, the efficient use of resources aligns with the economic objective of management.
Related Questions
Trending Articles/News
