True or False: Leading or directing is regarded as one of the least important functions of management.

Leading or directing is indeed regarded as a vital function of management. This function involves guiding, influencing, and motivating employees to perform at their best and align with the organization's goals. Effective leadership fosters a positive work environment, enhances team cohesion, and drives productivity.

Leadership also encompasses communication, where managers convey their vision and expectations clearly, ensuring that team members understand their roles and responsibilities. By doing so, management can cultivate an engaged workforce, which is critical for achieving business objectives. Consequently, stating that leading or directing is one of the least important functions of management fails to recognize its significant impact on organizational success and employee satisfaction. Thus, the statement is false.