A(n) ________ Would Be Used by a Department Manager as a Tool

question 78

Multiple Choice

A(n) ________ would be used by a department manager as a tool for making daily and weekly assignments.

• A) operational plan
• B) vision statement
• C) mission statement
• D) tactical plan

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Definitions:

Free-rider Problem

A situation where individuals consume goods or services without paying for them, which typically occurs with non-excludable and non-rival public goods.

Market Resources

The assets, materials, and inputs used to produce goods and services and are made available through the market.

Entrepreneurs

Individuals who innovate, finance, and manage business ventures, often taking on greater than normal financial risks.

External Cost

Costs that a producer or consumer inflicts on a third party who is not involved in the production or consumption of the goods or services.