Explanation: In the context of management, the two key concepts that are directly related to the statement "Management has to see the tasks are completed and goals are achieved with the least amount of resources at a minimum cost" are efficiency and effectiveness.
**Efficiency** refers to the optimal use of resources to achieve a given level of output. It is about doing things in the best possible way, minimizing waste and cost. In other words, efficiency is about how well resources are utilized to produce a given output. For example, if a company can produce the same number of products with fewer resources or at a lower cost, it is said to be more efficient.
**Effectiveness**, on the other hand, is about achieving the desired goals and outcomes. It is about doing the right things to meet the objectives. For instance, if a company's goal is to increase market share, effectiveness would be measured by how well the company achieves this goal. Effectiveness is not just about the output but also about the quality and relevance of the output to the organization's goals.
Together, efficiency and effectiveness ensure that management not only achieves its goals but does so in the most optimal way possible. Efficiency ensures that resources are used wisely, while effectiveness ensures that the right goals are being pursued and achieved.
The other options do not directly address the core concepts of the statement. Coordination, while important, is more about the integration of different activities and functions within an organization. Planning is a crucial part of management, but it is more about setting goals and strategies rather than the direct execution and resource utilization. Management and administration are broad terms that encompass many aspects of organizational activities but do not specifically address the concepts of achieving goals with minimal resources and cost.
In summary, efficiency and effectiveness are the two key concepts that directly relate to the statement about management achieving goals with the least amount of resources at a minimum cost. Understanding and balancing these two concepts is crucial for effective management.