The Management Function, Which Sees to It That the Right

question 72

Multiple Choice

The management function, which sees to it that the right things happen, in the right way, and at the right time, is known as _____.

• A) controlling
• B) organizing
• C) planning
• D) leading
• E) staffing

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Definitions:

Employment Act

A piece of legislation aimed at promoting high employment levels, economic growth, and stable prices within an economy.

Monetary Policy

The process by which the central bank, or monetary authority of a country, controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

Full Employment

A situation in an economy where all available labor resources are being used in the most efficient way, typically with only natural unemployment remaining.

Marginal Propensity

Measures the portion of additional income that an individual or entity spends on consuming goods rather than saving.