Which of the Following Is a Correct List of the Five

question 11

Multiple Choice

Which of the following is a correct list of the five organizational subsystems?

• A) Strategic planning, goal setting, technical, execution, controlling
• B) Board activities, strategy execution, managerial, psychosocial, technical
• C) Leadership, management, execution, values, goals and marketing
• D) Goals and values, technical, psychosocial, structural, managerial
• E) None of the above answers are correct

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Definitions:

Good

A tangible item or product that fulfills a need or desire and is available for purchase.

Price Ceiling

A price ceiling is a government-imposed limit on how high a price can be charged on a product or service, intended to protect consumers from high prices.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market stability.

Shortage

A shortage occurs when the demand for a product exceeds its supply at a particular price, leading to a scarcity of the product.