Question

Which of the following are the key functions of management?

Options

• Advertising, marketing, sales, and customer service

• Planning, organising, staffing/actuating, and controlling

• Hiring, firing, promoting, and transferring employees

• Buying, selling, producing, and distributing

Answer 1

Management involves four key functions: planning, organising, staffing/actuating, and controlling. Planning involves setting objectives and strategies, organising involves structuring resources and roles, staffing/actuating involves recruiting and motivating people, and controlling involves monitoring performance against objectives. These four functions form the core framework of managerial activities and are applicable across all organizational contexts and levels of management.