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Nature And Significance Of Management

Question

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The production manager of a company is trying to produce goods with minimum cost. Name the concept which is being focused by management.

Solution

Efficiency

Some More Questions From Nature and Significance of Management Chapter

Explain any five features of management.

Define management.

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.

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