All of the Following Are Basic Duties of Management EXCEPT

question 90

Multiple Choice

All of the following are basic duties of management EXCEPT

• A) staffing.
• B) planning.
• C) consolidating.
• D) organizing.
• E) motivating.

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Definitions:

Firm's ATC

The total average cost for a firm, including both fixed and variable costs, per unit of output.

Total Profit

The overall financial gain made in a business transaction or operation, calculated as the revenue minus the costs of achieving that revenue.

Total Loss

A situation in insurance or business where the cost of repair or recovery exceeds the value of the asset or investment.

Long Run

A period in economics during which all factors of production and costs are variable, and firms can adjust all inputs.