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When the CEO of a large retail store chain decided to sell off or close some of the locations that were not profitable, she was performing the management function referred to as ___.
A) delegating
B) planning
C) organizing
D) leading
E) controlling
Management Function
Activities performed by managers to plan, organize, lead, and control an organization's resources to achieve its goals.
Retail Store Chain
A series of retail outlets owned by the same company, offering the same or similar merchandise.
CEO
Chief Executive Officer, the highest-ranking individual in a company or organization, responsible for making overarching decisions and setting strategic direction.
- Perceive the operations of management and their criticality.
- Absorb the idea of exercising control throughout the management process.
Verified Answer
Learning Objectives
- Perceive the operations of management and their criticality.
- Absorb the idea of exercising control throughout the management process.
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