The Four Basic Functions of Management Are

question 86

Multiple Choice

The four basic functions of management are:

• A) delegating, planning, organising and order giving.
• B) organising, leading, controlling and order giving.
• C) delegating, leading, controlling and decision-making.
• D) planning, leading, controlling and decision-making.
• E) planning, organising, leading and controlling.

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Definitions:

Total Income

Represents the aggregate revenue or earnings received by an individual, group, or entity from all sources before any deductions or taxes.

Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Physical Capital

The collection of tangible assets such as machinery, buildings, and equipment that are used in the production process.

Education and Knowledge

The process and outcome of acquiring information, skills, values, and understanding through study, experience, or instruction.