"Doing a task with minimum cost". Name the term associated with management.
Efficiency
Effectiveness
Optimum use of resources
None of these
"Doing a task with minimum cost is being efficient. The term associated with management is efficiency.
Management has to see that tasks are completed and goals are achieved with the least amount of resources at a minimum cost. State true or false.
Financial management is associated with inflow and outflow of money. Do you agree? If yes, how?