When Senior Managers at Gap Inc

question 61

Multiple Choice

When senior managers at Gap Inc. decided to become the number one service-quality clothing company in the world, they were engaging in the management function of:

• A) planning.
• B) organizing.
• C) leading.
• D) controlling.
• E) dreaming.

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Definitions:

Disposable Personal Income

The amount of money that individuals have available to spend and save after income taxes have been accounted for.

Investment Component

The portion of a financial plan or policy that involves putting capital into assets expected to yield returns over time.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various means including teaching, training, and research.

U.S. GNP

Gross National Product of the United States, which is the total market value of all final goods and services produced by residents of the country within a specific time period, regardless of production location.