Parul's Job Is to Use Planning, Organizing, Leading, and Controlling

question 53

Multiple Choice

Parul's job is to use planning, organizing, leading, and controlling resources to achieve the goals of her company. Parul is performing the four essential ________ tasks.

• A)marketing
• B)management
• C)finance and accounting
• D)operations
• E)entrepreneurial

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Definitions:

Transformation Strategy

A comprehensive approach a company adopts to change its business processes and operations in order to achieve specific goals.

Efficiency

The ratio of the output produced to the input used in the production process, indicating how well resources are utilized.

Flexibility

The ability of a company to adapt quickly to changes in the market environment, production demands, or customer needs.

Process Redesign

The fundamental rethinking of business processes to bring about dramatic improvements in performance.