GK
BUSINESS MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Planning
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Organizing
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Leading
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Controlling
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Detailed explanation-1: -Planning: is the function of management that involves setting objectives and determining a course of action for achieving those objectives.
Detailed explanation-2: -Planning: When management is reviewed as a process, planning is the first function performed by a manager. The work of a manager begins with the setting of objectives of the organization and goals in each area of the business. This is done through planning.
Detailed explanation-3: -The four most common types of managers are top-level managers, middle managers, first-line managers, and team leaders.
Detailed explanation-4: -Originally identified by Henri Fayol as five elements, there are now four commonly accepted functions of management that encompass these necessary skills: planning, organizing, leading, and controlling. 1 Consider what each of these functions entails, as well as how each may look in action.