The Primary Elements of Management Are

question 7

Multiple Choice

The primary elements of management are:

• A)getting things done,diverging responsibility and doing it within an organisation.
• B)getting things done through others,taking responsibility for their work and doing it within an organisation.
• C)getting things done through others,diverging responsibility and providing direction to the organisation.
• D)getting things done,taking responsibility for their work and doing it autonomously.

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Definitions:

Circular-Flow Diagram

A model that illustrates the movement of goods and services and money between households and businesses in the economy.

Markets

Places or systems in which parties engage in the exchange of goods, services, or information, driven by supply and demand.

Circular-Flow Diagram

A graphical representation illustrating the flow of funds among households, companies, and the government within an economy.

Factors Of Production

Inputs necessary for the creation of goods and services, including labor, land, capital, and entrepreneurship.