In Today's Global Economy, Most Mangers Engage In The Four Functions Of Management By ______.

In Today's Global Economy, Most Mangers Engage In The Four Functions Of Management By ______. A. Specializing in one or two functions and delegating the rest B. Selecting four activities to complete, one for each function C. Performing all four functions simultaneously throughout the day D. Choosing one function to focus on each day

Answer of MCQ | Fundamental Functions of Management

The correct answer of this mcq is (C), as the managers have to perform all four functions (Planning, Organizing, Leading and Controlling) at the same time throughout the day due to the nature of the work and demands of the global economy. For example, a manager needs to plan an idea i.e., purchase 2 tables and 1 laptop for office use from international market online. Then he needs to organize it i.e., to be purchased online by a front-line manager at 3:00 PM. After that, he directs and motivate the front-line manager to follow the plan i.e., for purchasing online payment will be made by cashier. As there is a need of purchasing furniture and office equipment for office use, the working performance will be improved and as a result more revenue will be generated, so here he is doing the function of leading. Finally, he monitors the work performance by comparing actual results with the plans expected to be achieved i.e., to check whether the front-line manager purchased 2 tables and 1 laptop online at 3:00 PM or not. Whether, the cashier made payment or not. The manager engages in these four functions throughout the day to achieve organizational objectives & goals. If he fails to perform any one of these 4 functions of management then ultimate goals of organization can’t be achieved efficiently and effectively. For example, i.e., may be cashier failed to make payment in time and due to delay in payment, the order is rejected, may be bottom-level manager did not perform the task correctly i.e., he might be purchased furniture and office equipment locally and not implement the plan set by top-level management. So, to achieve common goals, these all managers must have skills to perform all of these 4 basic functions at all levels of management in an organization.

The option A, B and D are not incorrect choices of this multiple choice question, as all of the four fundamental functions of management are interconnected with each other and ignoring one of these functions will lead to the failure of the plan and the common goals and organizational goals will not be accomplished at the end.

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