Question
Business Studies Question on Principles of Management
Identify the characteristic of Management from the statement.
“An organization interacts with its external environment which consists of various social, economic, and political factors. In order to be successful, an organization must change itself and its goals according to the need of the environment.”
A
Management is a continuous process.
B
Management is an intangible force.
C
Management is a dynamic function.
D
Management is multi-dimensional.
Answer
Management is a dynamic function.
Explanation
Solution
Management must adapt to various external social, political, and economic changes. Organizations adjust goals/processes to fit environmental needs.