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Nature and Significance of Management
Question
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Hero Ltd's target is to produce 10,000 shirts per month at a cost of ? 150 per shirt.The Production Manager could achieve this target at a cost of ? 160 per shirt. Do youthink the Production Manager is 'effective'? Give reason in support of your answer.

Answer

Yes, he is an effective manager as he has achieved the target.

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Some More Questions From Nature and Significance of Management Chapter

Clarify the following equation: Anything - Management = Zero.

Explain, in brief, ‘management’ as an activity.

Explain, in brief, ‘management’ as a process. 

How is Management a 'Goal Oriented Process'?

Management is not visible, it can only be felt. Explain.

How is management a Continuous Process?

Explain, in brief, management as a 'Dynamic Function'.

Explain 'Management of people' as a dimension of management.

Explain in brief, 'management' as a group of people having managerial responsibilityfor an enterprise. 

State any two characteristics of management.