Which of the following is not one of the three "P" of management?

The three "P"s of management typically refer to People, Process, and Product. In the context of this question, Payroll does not fit into this framework, making it the correct choice.

People refers to the human resources and the management of personnel within an organization. It encompasses recruitment, training, and employee relations, which are crucial for fostering a productive workforce.

Process refers to the systems and procedures that are implemented to ensure efficient operations within the organization. It involves how tasks are completed and how workflows are structured, focusing on optimizing productivity and quality.

Product relates to the goods or services that a company offers, including its development, marketing, and delivery to customers. In management, focusing on the product ensures that an organization meets customer needs and remains competitive in the market.

Payroll, while essential for an organization’s operations and employee satisfaction, does not directly align with the core principles of management encapsulated by the three "P"s. It is more of a function within the larger scope of human resources and financial management, rather than a fundamental management principle.