Communication Is the Glue That Binds Together the Four Functions

question 82

Multiple Choice

Communication is the glue that binds together the four functions of planning, organizing, leading, and _____.

• A) administering
• B) controlling
• C) coordinating
• D) processing
• E) ordering

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Definitions:

Income Elasticity

An indicator of the degree to which demand for a product or service shifts following a variation in consumer income.

Housing

The provision of accommodation, typically through buildings or structures where individuals or families live.

Income Increase

A rise in the amount of money earned by an individual or collected by an organization, often measured on a monthly or yearly basis.

Cross-price Elasticity

A measure of how the quantity demanded of one good responds to a change in price of another good, indicating the degree of substitutability or complementarity between the two goods.