Discuss the interrelatedness of the management functions and give some examples of how they are interdependent.

What will be an ideal response?


Answers to this question will vary but may include elements of the following. The management functions are not steps in a linear process. Managers do not usually plan, then organize, then lead, and then control. The functions are distinct yet interrelated. Managers often perform them simultaneously. In addition, each function depends on the others. For example, if one starts with a poor plan, the objective will not be met, even if things are well organized, led, and controlled. Or, if one starts with a great plan but is poorly organized or leads poorly, the objective may not be met. Plans without controls are rarely implemented effectively. Management functions are based on setting objectives (planning) and achieving them (through organizing, leading, and controlling).

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An executional framework is the manner in which an advertising appeal is presented

Indicate whether the statement is true or false

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Social value orientations are preferences people have for acting cooperatively (a "pro-social" orientation) or competitively (a "pro-________" orientation) in a given situation.

Fill in the blank(s) with the appropriate word(s).

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Adam plans to invest $1500 today in a mutual fund. If he earns 12 percent interest compounded monthly, to what amount will his investment grow in 20 years? Use a financial calculator to make the calculation.?

A. $17,289? B. ?$15,897 C. ?$16,339 D. ?$12,450 E. ?$18,546

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Typically, collective bargaining agreements provide that disputes will be resolved by:

a. lawsuits b. grievance procedures c. arbitration d. b and c

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