In the Context of Management, Which of the Following Statements

question 9

Multiple Choice

In the context of management, which of the following statements is true of controlling?

• A) It refers to monitoring performance and making adjustments as needed.
• B) It refers to determining a structure for both individual jobs and the overall organization.
• C) It refers to determining organizational goals and action plans for how to achieve those goals.
• D) It refers to directing and motivating people to achieve organizational goals.

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Definitions:

Rental Price

The cost associated with leasing or renting a property, such as a house, apartment, or commercial space.

Capital Stock

The total amount of physical goods or assets that a company or country uses in the production of goods and services.

Marginal Product

The additional output that can be produced by adding one more unit of a specific input, while holding all other inputs constant.

Factor of Production

A resource utilized in the creation of goods and services that encompasses labor, capital, land, and entrepreneurship.