Is Management concerned only with doing the right task completing activities and achieving goals without taking into consideration the cost benefit Give reason in support of your answer CBSE business studies 2016 class 11

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Is Management concerned only with doing the right task, completing activities and achieving goals without taking into consideration the cost benefit? Give reason in support of your answer. -CBSE business studies 2016 class 11

Is Management concerned only with doing the right task, completing activities and achieving goals without taking into consideration the cost benefit? Give reason in support of your answer. 


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Answer:
The given statement is false. Management aims to utilize all resources available in an organisation efficiently. Efficiency implies minimization of cost and time to achieve certain standard of performance. Hence, cost–benefit is not ignored by the operation of management.

Aparna-Dasgupta

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