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

Which statement best describes management as commonly defined in introductory management study?

Management is a process of getting things done with and through people to achieve organisational goals efficiently and effectively. It is continuous and performed by managers at all levels, not a one-time act, not limited to owners, and not a science with fixed, universal results.

  1. AA process of getting things done through and with people to achieve organisational goals efficiently and effectivelyCorrect
  2. BA one-time act of framing rules that is completed once a company is registered
  3. CA function performed only by the owners of a business and not by employees
  4. DA purely scientific discipline with fixed laws that give the same result in every situation

Explanation

Management is widely defined as the process of working with and through people and resources to achieve organisational goals efficiently and effectively. It is continuous, not one-time, and is carried out by managers at various levels, not just owners. It is not an exact science with fixed outcomes.

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