Which Description Defines the Planning Function of the Management Process

question 76

Multiple Choice

Which description defines the planning function of the management process?

• A) guiding and motivating employees to meet organizational objectives
• B) discussing how best to arrange an organization's resources into a coherent structure
• C) scanning the business environment for threats and opportunities
• D) determining what an organization needs to do and how best to get it done
• E) monitoring a firm's performance to make sure that it is meeting its goals

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Definitions:

Equilibrium Price

The cost at which the amount of products available for sale matches the amount of products consumers want to buy.

Clothing Market

The economic sector or industry that deals with the manufacture, distribution, and sale of clothing and apparel.

Blu-ray Players

Electronic devices designed to play Blu-ray discs, providing high-definition video and audio playback.

Law of Demand

A principle stating that, ceteris paribus, there is an inverse relationship between the price of a good or service and the quantity of it that consumers are willing to purchase.