Question

Akash Industries has installed a waste recycling plant in its premises and does not dump their waste material anymore. This plant is providing employment to many people. Identify the objective of management which the company is achieving by doing the aforesaid activity.

• A. Social objective
• B. Economic objective
• C. Personal objective
• D. Growth

Answer 1

The Correct Option is A

To identify the objective of management that Akash Industries is achieving by installing a waste recycling plant, let's analyze each option in detail:

Options Analysis

Social Objective (1)

Definition: Social objectives are goals that benefit society as a whole. They include activities that improve the environment, create employment, and contribute to the well-being of the community.

Why Correct: By installing a waste recycling plant, Akash Industries is reducing environmental pollution by not dumping waste material. Additionally, the plant is providing employment to many people. Both of these actions contribute to social welfare and environmental sustainability.

Economic Objective (2)

Definition: Economic objectives are goals that focus on the financial performance and profitability of the company. They include increasing revenue, reducing costs, and improving efficiency.

Why Not: While the waste recycling plant might have some economic benefits, the primary focus of the activity described is on social and environmental impacts rather than direct financial gains.

Personal Objective (3)

Definition: Personal objectives are goals that benefit individual employees or stakeholders. They include personal development, career advancement, and job satisfaction.

Why Not: The activity described is focused on broader social and environmental benefits rather than personal benefits to individual employees or stakeholders.

Growth (4)

Definition: Growth objectives are goals that focus on expanding the company's operations, increasing market share, and achieving long-term success.

Why Not: While the waste recycling plant might contribute to the company's long-term sustainability, the primary focus of the activity described is on social and environmental impacts rather than direct growth.

Conclusion

The correct answer is: (1) Social objective

By installing a waste recycling plant, Akash Industries is achieving social objectives by reducing environmental pollution and providing employment opportunities, thereby contributing to the well-being of the community and the environment.