Question

One of the important ideas in the text's definition of management is:

1) Efficiency is more important than effectiveness.
2) Management is unique to for-profit organizations.
3) Attainment of societal goals.
4) Effectiveness is more important than efficiency.
5) Management functions of planning, organizing, leading, and controlling.

Answer 1

Effectiveness is more important than efficiency in management and achieving organizational goals.

Step-by-step explanation:

One of the important ideas in the text's definition of management is Effectiveness is more important than efficiency. Management is focused on achieving the desired outcomes and goals, which is effectiveness, rather than just maximizing the use of resources, which is efficiency. While efficiency is important, it is not the ultimate goal of management. Management functions of planning, organizing, leading, and controlling help in achieving effectiveness in achieving organizational goals.