CSEET · Business Laws and Management · Introduction to Management
Which of the following best describes management as a process in an organisation?
Management is the process of coordinating human and material resources through planning, organising, directing and controlling so that organisational goals are achieved. It is not ownership, law-making or mere bookkeeping, because management focuses on effective use of resources toward objectives.
- ACoordinating human and material resources through planning, organising, directing and controlling to achieve set goalsCorrect
- BOwning the capital of a business and bearing its risks
- CFraming laws that regulate trade and industry
- DMaintaining only the financial records of a business
Explanation
Management is the process of getting things done through others by using resources effectively to reach objectives. Ownership and risk bearing relate to proprietors, not to the management function. Law-making and record keeping are separate activities.
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