Final answer:
A manager proficient in planning, organizing, staffing, leading, and controlling is well-prepared to make decisions essential for successful business operation.
Step-by-step explanation:
The statement refers to the five key functions of management:
1. Planning: Involves setting objectives, identifying resources, and determining strategies to achieve goals.
2. Organizing: Involves arranging tasks, people, and resources to implement the plans effectively.
3. Staffing: Involves recruiting, training, and managing personnel to ensure the right people are in the right roles.
4. Leading: Involves motivating, guiding, and influencing employees to achieve organizational goals.
5. Controlling: Involves monitoring, evaluating, and adjusting activities to ensure that goals are achieved and resources are used efficiently.
When a manager is adept at all these functions, they are well-prepared to make informed decisions and effectively navigate the complexities of running a business.
Each function contributes to the overall management process, and proficiency in all areas enhances a manager's ability to lead a successful operation.