Which of the Following Describes the Organizing Function of Management

question 63

Multiple Choice

Which of the following describes the Organizing function of management?

• A)Setting short and long-term objectives
• B)Comparing actual to budgeted results and taking corrective action if needed
• C)Taking actions to implement the plan
• D)Arranging the necessary resources to carry out the plan

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Definitions:

Product-Oriented Layout

The organization of manufacturing processes around a product. Also referred to as product cells.

External Failure Costs

Expenses incurred when products or services fail to meet quality standards after being delivered to the customer, including returns, repairs, and warranties.

Lead Time

The period between the initiation and completion of a production process or the delivery of a service.

Value-Added Ratio

A measure of a company's efficiency, calculating the proportion of time and resources that contribute directly to customer value.