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:
Management is the backbone of any organization.
The definition provided in the question encompasses the core essence of management, which involves achieving goals through people while optimizing resource usage.
Step 2: Detailed Explanation:
The definition highlights three fundamental pillars:
1. Process: Management is a sequence of interrelated functions including planning, organizing, staffing, directing, and controlling.
2. Effectiveness: This refers to "doing the right task" and completing it on time to reach the desired objective.
3. Efficiency: This refers to "doing the task right" with minimum cost and optimum utilization of resources (Inputs like Men, Money, Material).
Since the prompt describes a comprehensive process of achieving goals through others in a dynamic environment, it identifies the term "Management."
Step 3: Final Answer:
Therefore, the correct answer is Management.