Alison, Vice President of Taco House, Reviews the Performance of Her

question 43

Multiple Choice

Alison, vice president of Taco House, reviews the performance of her company over the last quarter to determine whether it is meeting the planned sales and profitability goals. In this instance, which managerial task is she performing?

• A)planning
• B)organizing
• C)delegating
• D)controlling
• E)structuring

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Definitions:

Elastic Demand

a situation where the quantity demanded of a good or service significantly changes in response to a change in price.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price.

Excise Tax

A tax charged on specific goods and services, such as alcohol, tobacco, and gasoline.

Cancer Drug

Medications specifically designed to treat cancer by inhibiting the growth of cancerous cells, often targeted to specific types of cancer.