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Which of the following best describes the nature of management?

easy MCQ 3 marks Class 12 · Business Studies · Nature and Significance of Management
  1. A process of making money only
  2. A set of unrelated tasks
  3. A systematic process of planning, organizing, staffing, directing and controlling resources
  4. An activity limited to large corporations
Answer
A systematic process of planning, organizing, staffing, directing and controlling resources

The correct answer is A systematic process of planning, organizing, staffing, directing and controlling resources — Choose the option that includes all functions and coordination.

Step-by-step solution

  1. Define management as a systematic process to achieve objectives.
  2. List the five functions of management.
  3. Show how these functions coordinate resources.
  4. Choose the option that includes all functions and coordination.
Common mistake: Choosing a definition that ignores coordination

Concept tested: Nature of management definition

Published · How this solution was prepared and checked

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