Which of the Following Is the Ability for Management to Make

question 20

Multiple Choice

Which of the following is the ability for management to make decisions and to specify how those decisions will be carried out?

• A) control
• B) efficiency
• C) responsiveness
• D) empowerment

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Definitions:

Dollar

A widely used currency in international trade, often associated with the United States Dollar (USD), recognised by the symbol $.

Managed Float System

An exchange rate system in which a country's currency value is allowed to fluctuate in response to foreign exchange market mechanisms, with occasional intervention by the country's monetary authorities to stabilize the currency's value.

Exchange Rates

The value of one currency expressed in terms of another, determined by the foreign exchange market.

Production of X

The process of creating, manufacturing, or generating a specific product or service, denoted here as X.