Correct Answer: Correct answer is: (D) Planning, commanding, organising, coordinating, controlling.
Exam Relevance: MBA, Management, Business Administration
Difficulty: Moderate
Concept notes: Henri Fayol's five functions of management are foundational principles in management theory.
Common Mistakes: Students may confuse Fayol's functions with other management theories or mix up the specific terms.
Explanations: Henri Fayol identified five key functions of management: planning, commanding, organizing, coordinating, and controlling. These functions are essential for effective management and are widely recognized in management theory. Planning involves setting objectives and determining the best way to achieve them. Commanding refers to directing and motivating employees. Organizing involves structuring the organization and allocating resources. Coordinating ensures that all activities are harmonized. Controlling involves monitoring performance and making adjustments as necessary.
Option Analysis: - Option A: This option includes terms that are not part of Fayol's functions of management.
- Option B: This option includes "punishing" which is not one of Fayol's functions. The correct terms are commanding, organizing, coordinating, and controlling.
- Option C: This option includes "preparing" and "operating" which are not part of Fayol's functions. The correct terms are commanding, organizing, coordinating, and controlling.
- Option D: This option correctly lists Fayol's five functions of management: planning, commanding, organizing, coordinating, and controlling.
Mnemonic: PCOCC: Plan, Command, Organize, Coordinate, Control
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Q44
Wilhelm Wundt opened the Institute for Experimental Psychology at the University of Leipzig in Germany in 1879.
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