3 Views

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


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

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

UPES Integrated LLB Admission...
Apply
Ranked #28 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS University Rankings | 16.6 LPA Highest CTC
Jindal Global Law School Admi...
Apply
Ranked #1 Law School in India & South Asia by QS- World University Rankings | Merit cum means scholarships
Symbiosis Law School Pune Adm...
Apply
NAAC A++ Accredited | Ranked #5 by NIRF
Nirma University Law Admissio...
Apply
Grade 'A+' accredited by NAAC
Great Lakes PGPM & PGDM 2025
Apply
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Application Deadline: 1st Dec 2024
ICFAI Business School-IBSAT 2024
Apply
9 IBS Campuses | Scholarships Worth Rs 10 CR
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books