Sylvia Has Spent the Day in a Meeting That Focused

question 41

Multiple Choice

Sylvia has spent the day in a meeting that focused on her company's future. Managers were trying to predict how the role of their company might change over the next 10 years. Goals were then developed based upon their vision of the company's mission. Sylvia is performing which management function?

• A) planning
• B) organizing
• C) leading
• D) controlling
• E) coordinating

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Definitions:

Domestic Output

The total value of all goods and services produced within a country's borders in a given time period.

Transfer Payments

Payments made by governments to individuals or other entities without requiring a good or service in return, such as welfare or social security payments.

Government Purchases

Expenditures by the government sector on final goods and services in a given period.

Resources

Assets or inputs used in the production of goods and services, such as land, labor, capital, and entrepreneurship.