Examlex
The phases of the management process are listed below.Match each phase to the appropriate description.
_____ Planning
_____ Directing
_____ Controlling
_____ Improving
_____ Decision making
a)Used by managers for continuous improvement
b)Managers must decide how to respond to unfavorable performances
c)Used by management to develop the organization's objectives and goals
d)Monitoring the operating results of implemented plans and comparing actual results to expected results
e)Process by which managers run day-to-day operations
Assumptions
Beliefs or statements taken for granted without proof, often forming the basis for decision-making or reasoning.
Western Law
A legal system that originated in Europe and is characterized by the principles of Roman law, common law, and modern statutory law.
Warranty
A guarantee given to the purchaser of a product or service, promising repair or replacement if the product or service fails to meet specified criteria.
Express Warranty
A written guarantee provided by a seller to a buyer regarding the condition of the product and pledging to repair or replace it if necessary.
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