American Airlines Has Established a Goal of Increasing Its Profits

question 143

Multiple Choice

American Airlines has established a goal of increasing its profits by 12 percent next year. To ensure that the goal is reached, management monitors profits on a monthly basis. After three months, if profits have not increased by 3 percent, management will take corrective action to get the company on track. By doing so, management is carrying out its ____ function(s) .

• A) planning
• B) leading and motivating
• C) goal-setting and planning
• D) organizing
• E) controlling

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Definitions:

Domestic Output

The total value of all goods and services produced within a country's borders over a specific time period, often referred to as the gross domestic product (GDP).

Total Wage Bill

The aggregate amount of wages paid by employers to all their employees over a specific period.

Pre-migration

Pre-migration refers to the period or condition before an individual or group migrates or moves from one place to another.

Immigration

The action of coming to live permanently in a foreign country, often impacting the labor force and economic growth.