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CMA Foundation · Fundamentals of Business Economics and Management · Introduction to Management

Which statement about management's importance is most accurate?

Management helps integrate individual efforts toward common group goals. By coordinating people and activities, it aligns separate contributions with the organisation's objectives. It is needed in every organised group, not just large profit-making firms or crises.

  1. AManagement is needed only in large profit-making companies
  2. BManagement helps integrate individual efforts toward common group goalsCorrect
  3. CManagement removes the need for any employee initiative
  4. DManagement matters only during a crisis

Explanation

Management coordinates individual efforts so that they work toward shared goals. It is needed in all organised activity, including small and non-profit bodies, and it does not replace employee initiative or apply only in crises.

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