Final answer:
The statement about management encompassing planning, organizing, leading, and controlling to achieve goals efficiently and effectively is true. These components of management are fundamental to achieving an organization's objectives, which align with the principles of scientific management and the need for efficient bureaucratic systems as organizations grow larger.
Step-by-step explanation:
The statement "Management is the planning, organizing, leading, and controlling of resources in order to achieve organizational goals both effectively and efficiently" is True. Management encompasses a comprehensive suite of activities geared toward the optimal use of resources to achieve set goals. Planning is the foresight needed to set these goals and establish the steps to achieve them. Organizing involves arranging resources in a manner that aligns with the plan. Leading, or leadership, as per McGregor's theory, can follow different styles (Theory X and Theory Y), but it is about guiding the team towards achieving the goals. Controlling consists of monitoring progress and ensuring that the plan is adhered to and that the goals are met efficiently, which refers to the optimal use of resources and effectively, ensuring the objectives are accomplished. This is in line with the goal of scientific management, which is to increase worker's efficiency. Moreover, efficiency is crucial in both economic and organizational terms as it concerns the maximization of outputs from given inputs. Lastly, the concept of bureaucracy suggests the necessity for efficient structures as organizations grow large to ensure effective management.