The Universality of Management Means That ________

question 77

Multiple Choice

The universality of management means that ________.

• A) all managers in all organizations perform the four management functions
• B) all managers in all organizations perform the same quantity of managerial functions
• C) all managers in all organizations perform managerial functions in similar ways
• D) any manager can work in any organization and perform any management function

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Definitions:

Purchasing Power Parity

An economic theory that compares different countries' currencies through a "basket of goods" approach, suggesting that exchange rates should adjust to equalize the price of identical goods in different countries.

Price Level

An overall average price for varied goods and services produced within the economic system.

Dollar Appreciate

The increase in value of the US dollar relative to other currencies in the foreign exchange market.

Canadian Dollar

The currency used in Canada, represented by the symbol CAD.