According to the Functions Approach, First-Level Managers Are Most Likely

question 37

Multiple Choice

According to the functions approach, first-level managers are most likely to perform which of the following activities?

• A)Organising
• B)Leading
• C)Controlling
• D)Planning

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Definitions:

Present Intent

Refers to the current intention of a person to engage in a legal act, ensuring that the intent aligns with the execution of the act.

Valid Offer

A valid offer is a clear proposal made by one party to another indicating a willingness to enter into a contract under specified terms, which, if accepted, results in a binding agreement.

Firm Offer

Under the Uniform Commercial Code, a signed, written offer by a merchant containing assurances that it will be held open, and which is not revocable for the time stated in the offer, or for a reasonable time if no such time is stated.

Consideration

In contract law, something of value exchanged between parties that is necessary for a valid contract.