Final answer:
The management function that encompasses setting specific goals and developing strategies to achieve these objectives is known as Planning.
Step-by-step explanation:
The management function that involves setting specific goals, developing strategies, and determining resources needed to achieve objectives is C) Planning. Planning is a fundamental management process that establishes the foundation for other functions such as organizing, leading, and controlling. An effective plan serves as a roadmap for the organization to follow in order to realize its vision and achieve its goals. It includes details on what should be done, by whom, where, when, and how. Without a solid plan, the other aspects of management would lack direction and efficiency.
The management function that involves setting specific goals, developing strategies, and determining resources needed to achieve objectives is Planning. Planning is an essential part of the management process as it helps in defining the direction and future of the organization. It involves identifying objectives, analyzing the current situation, and developing a roadmap to reach the desired goals.