Management Is Achieving the Goals of an Organization Through Planning

question 155

True/False

Management is achieving the goals of an organization through planning, organizing, leading, and controlling organizational resources including people, money, and time.

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Definitions:

Economic Resource

An asset used to produce goods and services that can provide economic benefit.

Money Balances

Refers to the amount of money held by an individual or entity in the form of cash or bank deposits.

Capital Resource

A capital resource is an asset utilized by a company to produce goods and services, such as buildings, machinery, and equipment.

Computer Chips

Small electronic devices containing integrated circuits used in almost all electronic equipment today.