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:

Concentration Ratio

A measure indicating the market share of the largest firms in an industry, used to determine the market's level of competition.

Technological Opportunities

The potential for firms to develop innovations or improve processes due to advances in technology.

R&D Expenditures

Funds allocated by a company towards research and development efforts aimed at innovation and improving products or processes.

Productive Efficiency

A state where economy or industry can no longer produce additional amounts of a good without lowering the production level of another product.