Motivating Employees,directing Their Activities,selecting the Most Effective Communication Channels and Resolving

question 73

Multiple Choice

Motivating employees,directing their activities,selecting the most effective communication channels and resolving conflicts are within the __________ function of management.

• A)planning
• B)leading
• C)controlling
• D)organising

---

Definitions:

Equilibrium Price

The value at which the supply of a good or service is equal to its demand, ensuring a balanced market.

Demand Equation

A mathematical formula that describes the relationship between the quantity of a good demanded and its price, along with other factors affecting demand.

Supply Equation

A mathematical expression that shows the relationship between the quantity of a good that producers are willing to sell and factors that influence this quantity, such as price.

Price Floor

A government or group-imposed price control that sets the lowest legal price a commodity can be sold at. It is used to ensure producers receive a minimum price often in agriculture.