Vidyalelo
Commerce · Q38

Business Management

Graduate and Post Graduate · Commerce · question 38

Q38

The first and foremost function of management is

A.
planning
Answer
B.
organizing
C.
controlling
D.
co-ordination

Answer: Option A

Solution

Answer: Option A
Solution:
The first and foremost function of management is planning. Planning is the primary function of management. Its purpose is to ensure optimum utilisation of human and economic resources in the business processes. It precedes all other activities of the business undertaking.