Willis Spends a Significant Amount of His Time at Work

question 53

Multiple Choice

Willis spends a significant amount of his time at work performing tasks such as distributing work among his subordinates and arranging their shifts and tasks to be performed.This relates most closely to which managerial function?

• A)Recruiting
• B)Deskilling
• C)Organizing
• D)Downsizing

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Definitions:

Debenture

Unsecured debt, usually with a maturity of ten years or more.

Line Of Credit

An arrangement between a financial institution and a customer that establishes a maximum loan balance that the borrower can access.

Carrying Costs

The cumulative expenses associated with maintaining inventory, which encompass storage fees, insurance premiums, taxes, the decrease in value over time, and the costs related to missed opportunities.

Shortage Costs

Costs incurred when demand exceeds supply, leading to inventory shortages, potentially including lost sales, backorder costs, and customer dissatisfaction.