The Basic Managerial Functions That Help Managers Ensure That Enough

question 50

Multiple Choice

The basic managerial functions that help managers ensure that enough cash is available to run the business is the function of

• A)planning.
• B)controlling.
• C)evaluation.
• D)decision making.

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Definitions:

Sequential Decision

A process of making decisions one after another, where each decision is dependent on the outcome of previous decisions.

Collusion

An agreement, usually secretive, between two or more parties to limit competition, set prices, or manipulate market conditions.

Cartel Members

Firms or entities that agree to control prices and production to monopolize a market or restrict competition.

Incentive To Cheat

The motivation or tendency to deceive or engage in dishonest practices for personal gain, often seen in competitive situations.