The Three Basic Tasks of ALL Managers, According to the Text

question 131

Multiple Choice

The three basic tasks of ALL managers, according to the text, are:

• A) planning, staffing, and evaluating.
• B) marketing, production, and finance.
• C) execution, feedback, and control.
• D) hiring, training, and compensating.
• E) planning, implementation, and control.

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Definitions:

Share Options

Are financial derivatives that give the holder the right, but not the obligation, to buy or sell shares of a company at a predetermined price within a specified timeframe.

Incentive

A motivational factor or reward that encourages a person or group to act in a certain way or achieve higher levels of performance.

Gain-sharing

A performance-related pay strategy that offers employees financial rewards based on improvements in the company's productivity or performance.

Productivity

The efficiency at which goods or services are produced relative to the input used.