The Performance of Managerial Activities That Involve Selecting,designing,managing,controlling and Updating

question 1

Multiple Choice

The performance of managerial activities that involve selecting,designing,managing,controlling and updating production systems is called ________.

• A)strategic management
• B)tactical management
• C)operations management
• D)input management
• E)service management

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Definitions:

Held for Sale

Assets or business segments classified as being available for immediate sale and expected to be sold within one year.

Normal Balance

The typical or expected balance of an account in double-entry bookkeeping, which is either debit for assets and expenses or credit for liabilities, equity, and revenue.

Accumulated Depreciation

The total amount of depreciation that has been charged on an asset since it was acquired, representing its decrease in value.

Land Acquired

The process of purchasing land to be used for business operations or investment, which is recorded as a fixed asset on the balance sheet.