CBSE 2025, BS Set 1

Question

'GEO Builders' were to complete a housing project by December 2024 and hand over the flats to the buyers. Due to excessive heat in the month of May and June 2024, the work slowed down and the project was getting delayed. The firm, in order to complete the project on time, hired more workers through a contractor and asked all the workers to work overtime. Due to the above measures taken by the management, the project was completed on time but the cost of building the flats increased by 10%.

Identify the correct option. 'GEO Builders' were:

Identify the correct option. 'GEO Builders' were: A). Efficient but not effective B). Effective but not efficient C). Neither effective nor efficient D). Effective as well as efficient

Edvaya · Accepted Answer

The correct answer is Effective but not efficient. **Effective but not efficient** is correct.

**Effectiveness** means achieving the desired goal — GEO Builders completed the project on time (goal achieved). **Efficiency** means achieving the goal with minimum cost/resources — the cost increased by 10%, so they were NOT efficient.

The other options are incorrect because:
 - **Efficient but not effective**: They *did* achieve the goal (effective), so "not effective" is wrong.
 - **Neither effective nor efficient**: They were effective (goal met on time).
 - **Effective as well as efficient**: They were not efficient as costs rose by 10%.

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Business Studies > Principles And Functions Of Management > Nature And Significance Of Management

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