"As CEO, I Must Mobilize, Inspire, and Stimulate My Executive

question 35

Multiple Choice

"As CEO, I must mobilize, inspire, and stimulate my executive management team, as well as the entire staff, to continually perform at high levels. I seek to empower my staff through communicating and guiding." The CEO is describing the management function of

• A)planning.
• B)organizing.
• C)leading.
• D)controlling.
• E)decision making.

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Definitions:

Corrective Taxes

Taxes designed to encourage or discourage certain behaviors among consumers or producers, often used to correct the effects of a negative externality.

Coase Theorem

The proposition that if private parties can bargain without cost over the allocation of resources, they can solve the problem of externalities on their own

Distribution Of Rights

The allocation of legal entitlements and responsibilities among individuals, organizations, or governments.

Efficient Outcome

An economic situation in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.