Which Level of Management Is Responsible for Short-Term Planning and Coordination

question 32

Multiple Choice

Which level of management is responsible for short-term planning and coordination of activities necessary to accomplish organizational objectives?

• A)operations management
• B)middle management
• C)top management
• D)line management

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Definitions:

Market Failure

A less than efficient allocation of resources.

Public Goods

Public goods refer to commodities or services that are made available to all members of a society, typically funded by the government, and characterized by non-excludability and non-rivalry in consumption.

Externalities

Consequences of an economic activity experienced by unrelated third parties; can be positive or negative.

Market Failure

A situation where the allocation of goods and services by a free market is not efficient, often justifying government intervention.