Question

There are four major functions managers fulfill in their work. As Vice president of your company, you set a revenue goal for the company, organize everyone into work units, delegate assignments to your employees, and verify that they are doing what they are supposed to be doing. Which of the following fits the missing function of management?

1) Setting a goal to reduce costs
2) Establishing new policies and procedures for employees
3) Checking revenue reports weekly to determine goal progress
4) Holding meetings to encourage employees
5) Implementing a new software program to track costs

Answer 1

The missing management function is controlling, best represented by checking revenue reports weekly to determine progress toward revenue goals. The correct answer is 3).

Step-by-step explanation:

The missing function of management in the scenario provided is controlling. Controlling involves monitoring performance and making necessary adjustments to meet established goals. Out of the options provided, checking revenue reports weekly to determine goal progress (option 3) is the one that best fits the controlling function.

This is because it directly relates to tracking the company's performance in terms of the revenue goals set by the Vice President and adjusting strategies as needed. In relation to functionalism and management, all parts of an organization serve a purpose, just as all parts of society do according to the functionalist perspective.

Understanding one's role within the organizational structure and meeting the expectations tied to that role is critical, as well as working efficiently with the team and aligning with the manager's work style.