Determining the Tasks to Be Accomplished, How the Tasks Are

question 77

Multiple Choice

Determining the tasks to be accomplished, how the tasks are to be grouped, and who is responsible for the various tasks is known as which of the following processes of management?

• A)controlling
• B)planning
• C)leading
• D)organizing

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Definitions:

Market Economy

is an economic system in which supply and demand from consumers direct the production of goods and services.

Socially Desirable Outcome

An economic or social condition that benefits the majority of the community, considering factors like efficiency, equity, and the welfare of all participants.

Selfish Interests

Motivations based on personal gain or benefits rather than considering the welfare of others.

Trade

The exchange of goods, services, or resources between individuals, businesses, or countries.