Question

Name the process of working with and through others to effectively achieve organizational objectives by efficiently using limited resources in a changing environment ____.

• A. Management.
• B. Planning.
• C. Organizing.
• D. Controlling.

Hint:

To remember this, think of the "5 M's" of management: Men, Money, Machines, Materials, and Methods. Management is the "glue" that brings these together to hit a target.

Answer 1

The Correct Option is A

Step 1: Understanding the Concept:
This definition highlights the core essence of management, which involves a combination of social interaction (working through others) and technical precision (efficient resource use).

Step 2: Detailed Explanation:
The statement provided is a comprehensive definition of Management. It includes several key pillars:
• Effectiveness: Achieving the intended goals or objectives.
• Efficiency: Using the minimum amount of resources (cost-benefit) to get the job done.
• Environment: Acknowledging that organizations operate in a "changing environment" (dynamic). While Planning, Organizing, and Controlling are functions of management, "Management" itself is the overarching process that encompasses all of them.

Step 3: Final Answer:
The process described is Management.