Daft Defines ________ as the Attainment of Organizational Goals in an Efficient

question 7

Multiple Choice

Daft defines ________ as the attainment of organizational goals in an efficient and effective manner through planning, organizing, leading, and controlling organizational resources.

• A) leading
• B) management
• C) organizational behavior
• D) marketing

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Definitions:

Income

The income earned either from work or through investments, typically on a regular basis.

Consumer Equilibrium

The state where the consumer's income is fully allocated to the purchase of goods and services in a way that maximizes their utility or satisfaction.

Indifference Curve

A graph representing a set of bundles of goods between which a consumer is indifferent, showing preferences of consumption.

Consumer Equilibrium

A situation in which a consumer has distributed their income to achieve the highest level of satisfaction possible within their financial limitations.