Which Description Identifies the Organizing Function of the Management Process

question 64

Multiple Choice

Which description identifies the organizing function of the management process?

• A) Guiding and motivating employees to meet organizational objectives
• B) Determining how best to arrange an organization's resources into a coherent structure
• C) Scanning the business environment for threats and opportunities
• D) Monitoring an organization's performance to ensure that it is meeting its goals
• E) Determining what an organization needs to do and how best to get it done

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Definitions:

Variance

A measure of dispersion that shows how much the values in a set differ from the mean or expected value.

Expected Utility Maximizer

A theoretical concept in economics and decision theory where an individual chooses among risky options by selecting the option with the highest expected utility.

Event

An occurrence or happening, often of significance and usually a distinct piece of time.

Certainty Equivalent

The guaranteed amount of money that an individual would view as equally desirable to a risky gamble.