Which of the Following Represents the Process of Guiding the Development

question 78

Multiple Choice

Which of the following represents the process of guiding the development, maintenance, and allocation of resources to attain organizational goals?

• A) management
• B) strategic planning
• C) motivation
• D) tactical planning

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Definitions:

Quantity

Quantity refers to the amount or number of a product or service that is available or demanded in the market at a particular time.

Money Income

The total amount of monetary earnings received by an individual or household over a specified period, including wages, salaries, benefits, and other income sources.

Optimal Choices

Decisions that result in the best possible outcome, given any constraints or limitations faced.

Conditions Of Scarcity

A situation where the demand for a resource significantly exceeds its available supply, leading to allocation challenges.