The Primary Functions of Management Are

question 9

Multiple Choice

The primary functions of management are

• A)planning, organizing, adapting, and measuring.
• B)organizing, planning, leading, and adapting.
• C)leading, organizing, planning, and controlling.
• D)planning, leading, controlling, and adapting.
• E)planning, adapting, leading, and improvising.

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Definitions:

Income Elasticity

A measure of how much the demand for a good or service changes relative to a change in consumers' income.

Housing Property

Real estate that includes residential homes such as single-family houses, apartments, and condos, used for living purposes.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, usually identified by a fall in GDP in two successive quarters.

Demand Elasticity

A measure of how sensitive the quantity demanded of a good is to a change in its price.