BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

PRINCIPLES AND PRACTICE OF MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which function of management —involves arranging work and resources to achieve company goals.
A
organizing
B
leading
C
staffing
D
implementing
Explanation: 

Detailed explanation-1: -Organizing is the function of management that involves developing an organizational structure and allocating human resources to ensure the accomplishment of objectives.

Detailed explanation-2: -Planning. One main role of a manager is creating a plan to meet company goals and objectives. This involves allocating employee resources and delegating responsibilities, as well as setting realistic timelines and standards for completion.

Detailed explanation-3: -There are four generally accepted functions of management: planning, organizing, leading and controlling. These functions work together in the creation, execution and realization of organizational goals. The four functions of management can be considered a process where each function builds on the previous function.

Detailed explanation-4: -Planning: Planning function of management takes into account defining goals, establishing strategies and developing plans to coordinate activities of a business unit. The function incorporates decision making to define goals for future organizational performance and drafting plans of action to attain them.

Detailed explanation-5: -Organizing is the function of management which follows planning. It is a function in which the synchronization and combination of human, physical and financial resources takes place. All the three resources are important to get results.

There is 1 question to complete.