Which One of the Following Items Is Not One of the Three

question 201

Multiple Choice

Which one of the following items is not one of the three primary manager responsibilities?

• A)Controlling
• B)Planning
• C)Directing
• D)Adjusting

Calculate and interpret the effects of environmental regulations on firm costs and production decisions.

Understand the principles of input mixing in production to achieve optimal output levels.

Analyze the implications of short-run and long-run cost functions on firm production and expansion paths.

Understand the relationship between cost-output elasticity and firm’s production technology.

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Definitions:

Passbook Savings Accounts

A type of savings account where transactions are recorded in a physical booklet, traditionally offering low interest rates.

Double Coincidence of Wants

A situation in a barter system where two parties each hold an item the other wants, allowing them to exchange goods directly without the need for money.

M1

A category of the money supply that includes physical currency and coin, demand deposits, traveler's checks, and other checkable deposits.

Travelers Checks

Pre-printed, fixed-amount checks designed to allow the person signing them to make an unconditional payment to someone else as a result of having paid the issuer for that privilege.