Which of the Following Activities Is Part of the Planning

question 29

Multiple Choice

Which of the following activities is part of the planning function of management?

• A) Assigning a particular worker to do a specific task
• B) Looking at market forecasts to identify future business opportunities and challenges
• C) Praising a sales representative who has far exceeded her monthly sales objectives
• D) Conducting a job interview with a potential new employee

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Definitions:

Market Demand Curve

A graphical representation that shows the relationship between the price of a good or service and the total quantity demanded by all consumers in the market.

Willingness To Pay

The maximum amount an individual is prepared to sacrifice to procure a good or service or to avoid something undesirable.

Pollution Emissions

These are the release of pollutants into the environment, typically from industrial or other human activities.

Added Cost

An additional expense incurred due to a new decision or action, beyond the existing costs.