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Briefly Describe Each of the Four Functions of Management

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Briefly describe each of the four functions of management. Describe Mintzberg's managerial roles and explain how they are helpful in performing the four functions of management.


Definitions:

Outstanding Put Options

Refer to the total number of put options that are currently open and have not yet been exercised or expired.

Outstanding Call Options

Call options that have been sold but not yet exercised, representing potential claims on the underlying security.

Efficient-market Hypothesis

The theory that all known information is already reflected in stock prices, making it impossible to consistently achieve higher returns than the overall market.

Security Prices

The current cost or value at which a particular security, such as stocks, bonds, or options, can be bought or sold in the market.

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