Many of Mintzberg's Roles Align with the Basic Functions of Management

question 46

Multiple Choice

Many of Mintzberg's roles align with the basic functions of management. For example, all three interpersonal roles are part of the __________ function.

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

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Definitions:

Sales Returns and Allowances

Deductions from a company's sales revenue for returned merchandise or allowances given for damaged goods.

Credit Terms

Conditions under which credit is extended by a seller to a buyer, detailing the time period for payment and any discounts for early payment.

Merchandise

Goods bought for resale purposes, typically in a retail or wholesale business, distinguishing them from manufactured products.

Discount Period

The timeframe within which a payment can be made at a reduced price from the total invoiced amount, often to encourage early payment.