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CSEET · Business Laws and Management · Introduction to Management

Which of the following best describes management as commonly defined in introductory management study?

Management is a process of getting things done through and with other people to achieve organisational goals efficiently and effectively. It is continuous and goal-directed, not a single act such as budgeting, owning capital or incorporating a company.

  1. AA process of getting things done through and with other people to achieve organisational goals efficiently and effectivelyCorrect
  2. BA one-time act of preparing a budget for a financial year
  3. CThe ownership of capital invested in a business
  4. DThe legal process of incorporating a company

Explanation

Management is a continuous process of coordinating human and other resources to reach organisational objectives efficiently and effectively. Budget preparation is only a part of planning, ownership of capital relates to proprietors, and incorporation is a legal formality, not management.

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