COGNITIVE ASSESSMENT What Is Involved When Managers Are Planning Activities

question 69

Multiple Choice

COGNITIVE ASSESSMENT What is involved when managers are planning activities?

• A) identifying and combining resources
• B) communicating instructions and authorizing others to perform work
• C) establishing goals and objectives
• D) measuring performance and taking corrective action

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Definitions:

Mutual Agency

A legal principle in partnerships where each partner has the authority to bind the partnership (and other partners) in contracts related to the business's usual operations.

Positive Net Income

A financial situation where a company's total revenues exceed its total expenses, indicating profitability.

Inexpensive to Organize

Refers to the low cost associated with setting up a certain type of business structure or organization.

Personal Assets

Items or properties owned by an individual that have value.