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Nature and Significance of Management — Business Studies STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceBusiness StudiesNature and Significance of Management1 Mark
Question
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

No, management is not only concerned with doing the right task, completing activities and achieving goals but also has to take into consideration the cost-benefit, i.e., doing the task correctly and with minimum cost.

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