All of the Following Are Included in the Four Components

question 114

Multiple Choice

All of the following are included in the four components of the management process except

• A)delegating.
• B)organizing.
• C)leading.
• D)planning.

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Definitions:

Marginal Cost

is the extra cost incurred by producing one more unit of a product or service.

Fixed Cost

Costs that do not change with the level of production or output, such as rent, salaries, and loan payments.

Variable Costs

Costs that change in proportion to the level of output or activity in a business.

Snow-clearing

The process of removing snow from surfaces like roads and walkways to ensure safe passage and transportation.