12th Class Business Studies Nature & Significance Of Management Question Bank Passage Based Questions

  • question_answer
    Emperial Pvt. Ltd. is a well-known cloth company in India. It is able to earn adequate revenues to cover costs. Its capital base, number of employees and production turnover have increased manifolds over the years. The rate of profitability of the business is also creditable. The employees of the company are happy and satisfied with their remuneration, working conditions, promotion policy, etc. As a part of its moral obligation, the company has taken many initatives for providing employment to specially abled persons and promoting literacy in the villages adopted by it.
    Which objective of management is being fulfilled by the company in the statement below? “It is able to earn adequate revenues to cover costs”.
     

    A) Organisational

    B) Personal

    C) Social   

    D) None of these

    Correct Answer: A

    Solution :

    [a] Survival organisational objective related with earning enough revenue to cover the cost.


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