Controlling Is the Managerial Function That Involves the Managerss

question 94

Multiple Choice

Controlling is the managerial function that involves the managerss

• A)thinking through issues confronting a firm and developing a plan to increase productivity.
• B)keeping track of performance and investigating when results deviate from the plan.
• C)developing an atmosphere of cooperation and teamwork.
• D)keeping an optimum number of people under supervision.

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Definitions:

Competitive Industry

An economic sector characterized by a large number of firms that compete with each other to sell similar products or services, leading to efficiency and innovation.

Price

The cost anticipated, necessary, or paid out in return for acquiring something.

Long-Run Price

The price level at which economic forces such as supply and demand are balanced over a longer time frame, considering all inputs are variable.

Output

The amount of goods or services produced by a business, industry, or economy within a given period.