Which Function Is Achieved When a Manager Is Determining Whether

question 4

Multiple Choice

Which function is achieved when a manager is determining whether planned goals are being met?

• A)controlling
• B)motivating
• C)planning
• D)directing

Understand the differences between outsourcing, alliances, partnerships, and joint ventures.

Analyze the potential losses (e.g., KSAOs) due to outsourcing.

Differentiate between minor and major functions or activities for outsourcing.

Identify advantages of specialized service providers in outsourced functions.

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Definitions:

Expected Utility

A theory in economics that explains how people make decisions under uncertainty, based on the anticipated satisfaction or utility from outcomes.

Risk-averse

A description of an individual or entity that prefers to avoid risk, often opting for the less risky of available options.

Probability

A measure of the likelihood or chance that a particular event will occur, expressed as a number between 0 and 1.

Expected Total Utility

The sum of satisfaction or benefit that an individual expects to receive from consuming goods or services.