Complete the Following Using the Terms Listed

question 124

Multiple Choice

Complete the following using the terms listed.
-_____ is the process of achieving organizational objectives through people and other resources.

• A)corporate culture
• B)Management
• C)organization
• D)Top management
• E)Departmentalization
• F)Vision
• G)delegation
• H)matrix structure
• I)span of management
• J)controlling
• K)decentralization
• L)chain of command
• M)SWOT analysis
• N)Contingency planning
• O)nonprogrammed decision
• P)autocratic leaders
• Q)Human skills
• R)mission statement
• S)competitive differentiation
• T)Empowerment

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Definitions:

Economist

A professional in the social science discipline of economics, specializing in the analysis and interpretation of economic phenomena.

Demand and Supply

Fundamental economic concepts representing the quantity of a good or service consumers are willing and able to purchase and the quantity offered by sellers.

Inferior Good

An inferior good is a type of good whose demand decreases when consumer income rises, unlike normal goods, for which the opposite is observed.

Income

Earnings received by an individual or entity in exchange for labor or investment, typically expressed in monetary terms.