Examlex
What is the relationship among the management functions,problem solving,and decision making?
Ethical
Ethical refers to behavior or decisions guided by a set of moral principles and values, often relating to what is right and wrong.
Long Run
Refers to a period of time sufficient for all factors of production and costs to become adjustable, often used in economic analysis to predict future trends.
Risk-Taking
The act of undertaking actions or making decisions that involve the possibility of facing undesirable outcomes.
Entrepreneurship
The activity of setting up a business or businesses, taking on financial risks in the hope of profit, characterized by innovation, strategy, and risk-taking.
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