Asked by Jibreel Ahmad on Jun 05, 2024
Verified
____ is central to the management process.
A) Maintaining status quo in a changing environment
B) Maximizing profits
C) Becoming an employee-centered leader
D) Effective and efficient use of limited resources
E) Enhancing interpersonal relationships
Limited Resources
The scarce availability of inputs required to produce goods and services, such as capital, labor, and raw materials.
Management Process
A systematic series of actions taken by managers to plan, organize, lead, and control an organization towards achieving its objectives.
- Gaining insight into the harmony between efficacy and economization in administrative functions.
- Recognizing essential elements and operations inherent in the concept of management.
Verified Answer
IZ
Izzan ZikriJun 05, 2024
Final Answer :
D
Explanation :
The effective and efficient use of limited resources is a central concept in the management process. It involves making the most out of the resources available to achieve the goals of the organization. This includes managing financial, human, and material resources. It is important for managers to ensure that resources are allocated effectively and efficiently in order to maximize productivity and minimize waste.
Learning Objectives
- Gaining insight into the harmony between efficacy and economization in administrative functions.
- Recognizing essential elements and operations inherent in the concept of management.