According to Management Writers,the Process of Converting Information into Action

question 39

Multiple Choice

According to management writers,the process of converting information into action through decision making is known as ________.

• A)management
• B)benchmarking
• C)controlling
• D)organizing
• E)planning

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Definitions:

Per Capita GDP

The gross domestic product of a country divided by its population, giving an average economic output per person.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by an economy in a specific period accounting for changes in price level.

Trade Deficits

A situation where a country's imports of goods and services exceed its exports, resulting in a net outflow of domestic currency to foreign markets.

Real GDP

Gross Domestic Product adjusted for inflation, which reflects the value of all goods and services produced by an economy in a given year in base-year prices.