Ranjan, a Professor at a University, Teaches His Management Students

question 100

Multiple Choice

Ranjan, a professor at a university, teaches his management students about the ways to utilize resources and equipment in a job in order to achieve maximum efficiency and effectiveness. In the context of the functions of a supervisor, Ranjan discusses the ________ function.

• A) controlling
• B) staffing
• C) communicating
• D) leading

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Definitions:

Profits

The financial gain realized when the revenues of a business exceed the costs and expenses related to its operation.

Losses

The negative difference between the cost of investment and its current value or selling price.

Leverage

In finance, the use of borrowed funds to increase investment potential or, in a broader sense, using a small initial investment to gain a high return.

Short-term Obligations

Financial liabilities or debts that are due to be paid within a short period, typically within a year, such as accounts payable or short-term loans.