CMA Foundation · Fundamentals of Business Economics and Management · Introduction to Management
A manager at Kaveri Textiles Ltd. sets monthly production targets so that the firm's limited labour and material are used with minimum waste while meeting orders. Which organisational objective of management is this chiefly illustrating?
The manager is pursuing efficient use of resources to achieve organisational objectives. Targets that minimise waste of labour and materials while still meeting orders show that management aims to get the maximum output from limited inputs, which is a core organisational objective of management.
- AEfficient use of resources to achieve organisational objectivesCorrect
- BMeeting statutory tax compliance
- CCreating personal power for the manager
- DEliminating all competition in the market
Explanation
Setting targets that reduce waste of labour and materials while fulfilling orders shows management's organisational objective of getting the best use of resources. The other options are not objectives of management in the syllabus sense; personal power and eliminating competition are not management aims.
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