________ Skill Is the Ability to Establish Orderly Uses for Resources

question 62

Multiple Choice

________ skill is the ability to establish orderly uses for resources within the management system.

• A) Organizing
• B) Communication
• C) Planning
• D) Controlling
• E) Marketing

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Definitions:

Marginal Product

Marginal product refers to the additional output that is generated by employing one more unit of a particular input, holding the quantities of other inputs constant.

Fertilizer

Materials, either natural or synthetic, applied to soils or directly to plants, to supply nutrients essential for growth.

Bushels

A unit of volume that is used primarily in the United States for quantifying the volume of agricultural commodities like grains.

Profit

The income earned when the total revenue from business activities is higher than the combined expenses, costs, and taxes necessary for those activities.