Which of the Following Are the Primary Functions of All

question 96

Multiple Choice

Which of the following are the primary functions of all organizations?

• A) production/operations, marketing, and human resources
• B) marketing, human resources, and finance/accounting
• C) sales, quality control, and production/operations
• D) marketing, production/operations, and finance/accounting
• E) research and development, finance/accounting, and purchasing

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Definitions:

Production Possibilities Curve

A graph that shows the different quantities of two goods that an economy can produce with fixed resources and technology.

Human Economic Wants

Desires that require resources to satisfy, emphasizing the economic aspect of needs and desires.

After-Tax Income

The amount of net income left after all taxes have been deducted.

Consumption

The use of goods and services by households or individuals for personal or collective needs and satisfaction.