Which of the Following Best Describes the Concept That Management

question 31

Multiple Choice

Which of the following best describes the concept that management is needed in all types and sizes of organizations, at all organizational levels, in all organizational work areas, and in organizations in all countries around the globe?

• A) the diversity of management
• B) the universality of management
• C) the segmentation of management
• D) the management revolution
• E) the evolution of management

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Definitions:

Interest Rates

The cost of borrowing money, typically expressed as an annual percentage of the loan amount.

Savers

Individuals or entities that set aside a portion of their income for future use, often by depositing it in financial accounts.

Board of Governors

The leading body of the Federal Reserve System, responsible for overseeing the Federal Reserve Banks and setting monetary policy.

Federal Reserve

The Federal Reserve, often referred to as "the Fed," is the central banking system of the United States, responsible for managing the country's money supply and monetary policy.