The Theory of POSDCORB,an Acronym For

question 30

Multiple Choice

The theory of POSDCORB,an acronym for:

• A) Planning, organizing, staffing, detection, coordinating, reporting, and budgeting
• B) Planning, organizing, staffing, directing, coordinating, reporting, and budgeting
• C) Planning, organizing, staffing, directing, contrasting, requesting, and budgeting
• D) Planning, observing, staffing, directing, coordinating, reporting, and budgeting

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Definitions:

Gain From Trade

The increase in utility or benefit that entities receive from trading goods or services with each other, often as a result of specialization and efficiency.

Barrels

A unit of measure for oil and other petroleum products, equal to 42 US gallons.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.

Production Possibility Frontiers

A curve depicting all maximum output possibilities for two or more goods, given a set of inputs.