Which of the Following Is an Example of the Management

question 42

Multiple Choice

Which of the following is an example of the management activity referred to as planning?

• A) Developing a strategy for disposing of hazardous waste.
• B) The decision to eliminate an unprofitable segment of an organization.
• C) The decision to outsource an organization's payroll processing.
• D) All of these are correct

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Definitions:

Fiat Money

Currency that a government has declared to be legal tender, despite it lacking intrinsic value and not being backed by physical commodities.

Legal Tender

Government-issued currency that, by law, must be accepted as a form of payment within the country.

Hyperinflation

An extremely high and typically accelerating rate of inflation, leading to the rapid erosion of the real value of local currency.

Alternatives

Other options or choices available to individuals or organizations when making decisions.