Which Business Function Is Responsible for Planning, Coordinating, and Controlling

question 130

Multiple Choice

Which business function is responsible for planning, coordinating, and controlling the resources needed to produce a company's products and services?

• A) engineering
• B) finance
• C) human resources
• D) marketing
• E) operations management

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Definitions:

Mechanic's Lien

is a legal claim against a property for unpaid construction work or supplies, giving workers and suppliers a form of security for their investment.

Priority

In legal and financial contexts, it refers to the order of precedence in rights, claims, access, or treatment.

Compensated Surety

A guarantor who receives compensation for guaranteeing the performance or obligations of another party.

Accommodation Surety

A third party who guarantees the debt or obligation of another without benefit to themselves, often to help the borrower obtain a loan.