The Cluster of Decisions That Managers Make to Assist an Organization

question 7

Multiple Choice

The cluster of decisions that managers make to assist an organization to achieve its goals is known as

• A)strategy.
• B)scenario planning.
• C)organizing.
• D)needs assessment.

Identify scenarios where permutations, combinations, and fundamental counting principles are applied and choose the correct method for calculation.

Interpret probability questions to extract relevant information for the application of correct formulas or principles.

Analyze complex probability scenarios and calculate the probabilities of compound events.

Understand the anatomical locations and insertions of forearm muscles that facilitate hand movement.

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Definitions:

Economies Of Scale

The cost advantages that enterprises obtain due to scale of operation, with cost per unit of output generally decreasing with increasing scale.

Law Of Diminishing Returns

An economic principle stating that adding more of one factor of production, while holding others constant, will at a certain point yield lower incremental per-unit returns.

Economies Of Scale

The financial benefits that businesses achieve because of their size of operation, generally seeing a reduction in cost per unit of output as the scale expands.

Medicine And Dentistry

Fields of study and professional practice focused on maintaining and restoring human health through the treatment of diseases and conditions affecting the body and oral health, respectively.