The Detailed Formulation of Action to Achieve a Particular End

question 4

Multiple Choice

The detailed formulation of action to achieve a particular end is the management activity called:

• A) planning.
• B) controlling.
• C) decision making.
• D) all of these are correct.

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Definitions:

Secretly Competes

When an individual or entity engages in competition against another party without their knowledge, often violating a trust or agreement.

Business Transaction

The process of buying, selling, or exchanging goods, services, or any kind of financial relation between businesses or between a business and a consumer.

Breached Fiduciary Duty

A violation of the obligation to act in the best interest of another party, often related to situations of trust and confidence.

Profit Made

The financial gain achieved when the amount earned from a business activity exceeds the expenses, costs, and taxes.