Which of the Following Is NOT Considered to Be a Part

question 22

Multiple Choice

Which of the following is NOT considered to be a part of the planning function of a manager?

• A)defining goals
• B)motivating
• C)mapping out strategy
• D)making decisions

---

Definitions:

Short-Run Supply Curve

The short-run supply curve represents the relationship between price and quantity supplied over a short period, during which at least one input, such as plant size, is fixed.

Optimal Output

The level of production at which a firm maximizes its profits, determined by equating marginal cost and marginal revenue.

Market Price

The current market valuation at which services or products are exchanged.

Minimum Price

A set floor on the price at which a good or service can be sold, often used to ensure fair compensation for producers or to avoid market collapse.