Procedures

question 119

Multiple Choice

Procedures

• A) prescribe how certain activities will be carried out.
• B) are broad guidelines used to assist lower-level managers to handle recurring problems.
• C) assure that all scenarios will be the same.
• D) are prepared in advance of, and to provide input for, strategic plans.
• E) enable and facilitate employee behaviors to vary as circumstances change within and across nations.

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Definitions:

Government Role

The responsibilities and activities undertaken by a government, including the creation and enforcement of laws, economic regulation, and public services.

Capital Goods

Physical assets used by businesses to produce goods and services, such as machinery, buildings, and equipment.

Consumer Goods

Products produced for purchase by individuals and households for personal use, such as clothing, food, and electronics.

Industrialize

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods.