Horacio Has Been Promoted from First-Line Manager to Middle Level

question 36

Multiple Choice

Horacio has been promoted from first-line manager to middle level manager.He has spent most of his time ________ and _________ but now expects to spend ______ time on each of the four management functions.

• A)managing;controlling;equal
• B)organizing,leading;less
• C)controlling;planning;more
• D)leading;controlling;equal

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Definitions:

Demand

The desire combined with the ability to purchase a specific quantity of a good or service at a particular price and time.

Supply

The total amount of a product or service available for purchase at any given price point in a market.

Purchasing Power Parity

A theory in economics that suggests that in the absence of transaction costs and other barriers, identical goods should have the same price in different countries when prices are expressed in a common currency.

Prices

Monetary values assigned to products and services which are determined by the interaction of supply and demand in the market.