Administrative Managers Are Concerned with Creating and Managing the Systems

question 59

True/False

Administrative managers are concerned with creating and managing the systems that create an organization's products and services.

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Definitions:

Process

Process refers to a series of actions or steps taken to achieve a particular end, often related to procedures and methodologies in various disciplines.

Moral Hazard Insurance

Situations in insurance where the existence of insurance coverage can lead to riskier behavior by the insured, as the consequences of that behavior are partially absorbed by the insurer.

Disability Insurance

A type of insurance that provides financial support to a person who is unable to work because of a disability.

Unemployment Insurance

A government-provided benefit offering temporary financial assistance to unemployed workers who meet certain eligibility requirements.