1. Which basic function of management includes establishing goals and standards,
developing rules and procedures, and forecasting?
A. Planning
B. Organising
C. Staffing
D. Leading
A. Planning
The basic function of management that includes establishing goals and standards, developing rules and procedures, and forecasting is A. Planning.
The basic function of management that includes establishing goals and standards, developing rules and procedures, and forecasting is planning.
To arrive at this answer, we can break down the question. The question asks about a function of management that involves three specific activities: establishing goals and standards, developing rules and procedures, and forecasting.
1. Establishing goals and standards: This refers to the process of defining the desired outcomes and performance expectations for the organization or team.
2. Developing rules and procedures: This involves creating guidelines and protocols to govern how tasks and activities are carried out within the organization.
3. Forecasting: This refers to the process of predicting future trends and events that can impact the organization, enabling managers to make informed decisions.
Considering these activities, the most appropriate answer is planning, as it encompasses all three elements. Planning involves setting objectives, defining strategies to achieve them, and developing action plans and procedures. Additionally, forecasting is an integral part of the planning process as it helps in anticipating potential challenges and opportunities.
Therefore, the correct answer is A. Planning.