Which of the following is a major element of office management?

Resource management is a fundamental aspect of office management as it involves the effective and efficient use of an organization's resources, including human resources, technology, and physical assets. This element ensures that everything required for day-to-day operations is utilized optimally, thereby maximizing productivity and minimizing waste.

In an office environment, effective resource management encompasses planning, organizing, staffing, directing, and controlling various resources to achieve the goals of the organization. It addresses how to allocate resources to tasks, ensure that personnel are adequately managed, and maintain equipment and supplies, all of which are essential for seamless operations.

While financial forecasting, market analysis, and compliance auditing are important business functions, they are more specialized areas that may not encompass the broad range of responsibilities associated with office management. Financial forecasting focuses on predicting future financial outcomes, market analysis examines the competitive landscape and consumer behavior, and compliance auditing ensures adherence to regulations. All these areas support office management, but resource management is centrally concerned with the day-to-day functioning and operational efficiency of the office itself.