Step 1: Understanding the Question:
The question tests a core concept from the Nature/Principles of Management syllabus.
Step 2: Identifying the correct option:
The recognised functions of management are Planning, Organising, Staffing, Directing, and Controlling — these describe what a manager DOES. Profit-making is an objective/outcome that a business pursues, not a managerial function/activity in itself.
Step 3: Why (A) Planning is incorrect:
Planning is one of the five core management functions.
Step 3: Why (B) Staffing is incorrect:
Staffing is one of the five core management functions.
Step 3: Why (C) Directing is incorrect:
Directing is one of the five core management functions.
Final Answer:
Profit-making