Introduction:
Management is a crucial function in any organization as it involves planning, organizing, leading, and controlling various resources to achieve organizational goals. One of the key characteristics of management is its ability to adapt to the changing environment. In this context, the correct answer is option 'B' - Dynamic. Let's delve into the details and understand why management is considered a dynamic function.

Explanation:
1. Definition of Dynamic:
The term "dynamic" refers to something that is characterized by constant change, activity, or progress. In the context of management, being dynamic means that it is always responsive and adaptable to the ever-changing business environment.

2. Changing Environment:
The business environment is not static; it is influenced by numerous factors such as technological advancements, market trends, social and cultural changes, economic conditions, and legal regulations. These factors pose challenges and opportunities for organizations. Management needs to keep up with these changes and make necessary adjustments to align the organization's strategies and operations accordingly.

3. Planning:
Planning is a fundamental function of management, and it involves setting goals, determining the course of action, and formulating strategies to achieve those goals. In a dynamic environment, plans need to be flexible and adaptable. Management should continuously review and update the plans based on the changing circumstances to ensure that they remain relevant and effective.

4. Organizing:
Organizing involves structuring and arranging resources such as human capital, financial assets, and physical infrastructure to achieve organizational objectives. In a dynamic environment, management needs to be agile in organizing resources. For example, if there is a sudden increase in customer demand, management should be able to quickly reallocate resources to meet the demand without disrupting the overall operations.

5. Leading:
Leading involves guiding and motivating employees to perform their tasks effectively and achieve organizational goals. In a dynamic environment, management needs to exhibit leadership qualities that inspire and empower employees to adapt to changes and embrace innovation. Effective communication, collaboration, and fostering a learning culture are crucial in leading teams in a dynamic environment.

6. Controlling:
Controlling involves monitoring and evaluating the progress of organizational activities to ensure that they are in line with the predetermined plans and objectives. In a dynamic environment, management needs to implement effective control mechanisms to monitor the changing circumstances and take corrective actions if necessary. Regular performance evaluations, feedback systems, and data analysis help management to stay proactive and make timely adjustments.

Conclusion:
Management is rightly considered a dynamic function as it constantly adapts itself according to the changing environment. Through effective planning, organizing, leading, and controlling, management ensures that the organization remains agile, responsive, and competitive in a dynamic business landscape. By embracing change and proactively addressing challenges, management can steer the organization towards success.