Which of the Following Is an Error Managers Make During

question 89

Multiple Choice

Which of the following is an error managers make during the planning stage of management?

• A)not establishing departments appropriately
• B)not emphasizing coordination of organization members
• C)not exploring enough viable alternatives for reaching objectives
• D)not monitoring progress in carrying out plans
• E)not taking the time to communicate properly with organization members

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Definitions:

Demand Schedule

A demand schedule is a table that shows the quantity of a good or service that buyers wish to purchase at each possible price.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase.

Demand Elastic

Demand elasticity measures how sensitive the quantity demanded of a good or service is in response to a change in its price.

Perfectly Elastic

Describing a situation in which the demand or supply for a good or service is infinitely responsive to changes in price.