Which of the Following Is the Process of Reaching Organizational

question 58

Multiple Choice

Which of the following is the process of reaching organizational objectives by coordinating the organization's resources?

• A) planning
• B) control
• C) management
• D) organizing

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Definitions:

Neoclassical Assumption

A perspective in economics that assumes individuals have rational preferences, markets are capable of reaching equilibrium, and information is symmetrically distributed.

System 1

A term often used in psychology and behavioral economics, referring to the brain's fast, automatic, and intuitive approach to decision-making.

Rational Behavior

Human behavior based on comparison of marginal costs and marginal benefits; behavior designed to maximize total utility.

System 2

A term often used in psychology to refer to the deliberate, effortful, and analytical mode of thinking, contrasted with fast, automatic System 1 thinking.