Association of Chartered Certified Accountants (ACCA) Certification Practice Test

What are the five basic operations of management defined by Drucker?

1. Plan, Act, Control, Evaluate, Communicate

2. Develop, Set objectives, Measure performance, Motivate and Communicate, Organise

3. Define, Execute, Assess, Revise, Inspire

4. Structure, Plan, Implement, Monitor, Adjust

The correct answer is: Develop, Set objectives, Measure performance, Motivate and Communicate, Organise

The five basic operations of management as defined by Peter Drucker involve a systematic approach that encompasses setting clear objectives and ensuring effective execution of those objectives. The correct option outlines a framework where developing objectives establishes a direction for the organization, and measuring performance provides the necessary data to assess progress. Furthermore, motivating and communicating with the team is essential for driving engagement and ensuring that everyone is aligned with the organizational goals. Finally, organizing is integral to creating a structure within which these operations can occur effectively. This model highlights not just the tasks at hand but emphasizes the importance of clear communication and motivation in the management process. These elements are crucial for effective leadership and achieving organizational success. In contrast, the other choices do not fully encapsulate Drucker's comprehensive view on management operations, prioritizing the outlined aspects of development, objective setting, performance measurement, motivation, communication, and organization.