What Is the Major Challenge for Management

question 82

Multiple Choice

What is the major challenge for management?

• A) To find a balance between control, motivation, efficiency and effectiveness
• B) To identify the various communication processes
• C) To identify the needs of individuals and the organisation
• D) To give appropriate feedback within an organisation

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Definitions:

Direct Materials

Raw materials that are directly used in the production of goods, traceable to the end product.

Factory Overhead

All the indirect costs related to manufacturing, which are not directly tied to the production of goods, such as utilities and rent for the manufacturing facility.

Direct Labor

The labor costs directly associated with the production of goods or the provision of services, typically including wages paid to workers who physically manufacture products.

Manufacturing Costs

Expenses directly related to the production of goods, including materials, labor, and overhead.