The Management Process Consists of Six Functions: Planning, Staffing, Organizing

question 10

Multiple Choice

The management process consists of six functions: planning, staffing, organizing, directing, controlling, and decision making.What might be seen in the planning step of the process?

• A)Identifying the problem of the lack of ICU beds
• B)Organizing a meeting to address the problem
• C)Establishing an alternate site within the hospital for these patients
• D)Assigning experienced staff to implement care of these patients

---

Definitions:

Revealed Preference

A theory in economics that assumes individuals' preferences can be discerned by observing their purchasing habits and behaviors.

Utility Maximization

The process or strategy of choosing the combination of goods and services that maximizes the utility or satisfaction of a consumer, given their budget constraints.

Budget Constraint

An economic term referring to the limitations on spending based on available resources, affecting decisions in consumption and investment.

Prices Change

Refers to the fluctuations in the cost of goods and services over time due to various economic factors.