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Subjects
Class 12Business StudiesNature and Significance of ManagementManagement conceptEasyLevel 1

If work is completed on time but at very high cost then what is lacking?

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Answer and explanation

Correct answer: Efficiency

The work is effective because it is on time but efficiency is low due to high cost. In exams check both time and cost.

Tags

efficiency vs effectivenesscostcase mcq

Frequently asked questions

What is the correct answer to this question?

Efficiency

Why is this the correct answer?

The work is effective because it is on time but efficiency is low due to high cost. In exams check both time and cost.

Which subject and chapter does this question cover?

This is a Class 12 Business Studies question. Chapter: Nature and Significance of Management. Topic: Management concept.

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