Question : Which of the following statements is incorrect?
Option 1: Winter management is a process as it involves a series of winter-related functions.
Option 2: Management requires effectiveness to achieve the predetermined goals at the minimum cost.
Option 3: Personal management helps in achieving personal objectives.
Option 4: None of the above.
Correct Answer: Management requires effectiveness to achieve the predetermined goals at the minimum cost.
Solution : Efficiency refers to doing the task correctly and with a minimum focus on the cost benefit, that is, getting maximum output with minimum resources. Management requires efficiency that achieves the pre-determined goals at the minimum cost. Effectiveness involves doing the task with the specified period. Thus Option B is the correct answer as it provides for the definition of efficiency and not the effectiveness.
Hence, Option B is correct.
Question : Which of the following statements about organisation is incorrect?
Question : Which of the following statements about coordination is incorrect?
Question : Assertion: Planning is the most fundamental function of management.
Reason: It lays the foundation for all other management functions and helps in achieving objectives.
Question : It refers to producing goods of Predetermined specification which helps in achieving uniformity and consistency in the output. Which function of management is highlighted in the given statement?
Question : Statement 1: The management process is continuous and ongoing.
Statement 2: It involves a series of interconnected functions that are performed repeatedly.
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