What Do Managers Do to Regulate Routine Activities

question 52

Multiple Choice

What do managers do to regulate routine activities?

• A)They create a mission statement.
• B)They establish rules and guidelines.
• C)They create cross-functional teams.
• D)They facilitate a strong organizational culture.

---

Definitions:

Production Possibilities Schedule

A graphical representation that shows the different combinations of two goods or services that can be produced within a given time period, provided that available resources and technology are static.

Consumer Goods

Goods that are produced for direct consumption by the end user.

Capital Goods

Long-term assets purchased by businesses to produce goods and services.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources), assuming all resources are fully utilized.