Multiple Choice Questions on Management is the process of planning organizing staffing directing and controlling enterprise resou........... for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

Management is the process of planning organizing staffing directing and controlling enterprise resou...........

Business Studies (CUET) NATURE SIGNIFICANCE OF MANAGEMENT
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    Management is the process of planning, organizing, staffing, directing, and controlling enterprise resources efficiently and effectively to achieve the goals of the organization. Effectiveness in management is concerned with doing the right task, completing activities, and achieving goals. Efficiency means doing the task correctly with minimum cost.

    Case Scenario:

    Cutting down the cost but not achieving the target production is an example of:

    This questions was previously asked in
    CUET BUSINESS STUDIES Previous Year Paper (2023)
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    Effective but not efficient

    Incorrect Answer

    Effective and efficient both

    Incorrect Answer

    Efficient but not effective

    Correct Answer

    Neither efficient nor effective

    Incorrect Answer
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    Explanation:

    Solution and Explanation:

    Understanding the Concepts:

    • Effectiveness → Achieving the goal.
    • Efficiency → Completing tasks with minimum cost and resources.
    • If a manager reduces costs but fails to achieve the target, it means:
      • Efficiency is present (cost-cutting).
      • Effectiveness is lacking (target not achieved).

    Option Analysis:

     Option 1: Effective but not efficient

    • This would mean the goal was achieved but with high costs, which is not the case here.

     Option 2: Effective and efficient both

    • The goal was not achieved, so this option is incorrect.

     Option 3: Efficient but not effective (Correct Answer)

    • The manager cut down the cost (efficient) but failed to reach the target (not effective), making this the correct choice.

     Option 4: Neither efficient nor effective

    • The manager was efficient (cost reduction), so this option is incorrect.

    Final Answer:  Option 3: Efficient but not effective

    By: AARTI
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