Which Basic Function of Management Includes Selecting Employees, Setting Performance

question 71

Multiple Choice

Which basic function of management includes selecting employees, setting performance standards, and compensating employees?

• A)planning
• B)organizing
• C)leading
• D)staffing
• E)motivating

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Definitions:

Demand Curve

A graphical representation showing the relationship between the price of a product and the quantity of the product demanded at those prices.

Quantity Demanded

Quantity demanded is the total amount of a good or service that consumers are willing and able to purchase at a given price in a specified period.

Demand

How much of a product or service shoppers are prepared and financially able to buy across a range of prices within a set period.

Consumer Income

The total earnings of consumers, encompassing wages, dividends, and other sources of income, which determine their purchasing power.