Best choice Management is called as 'Science', this ibecauseO a. It involves efficient use of resources toachieve goals.O b. It involves the use of principles and rulesbased on experiments.Oc It coordinates all other functions toachieve goals.O d. It involves the use of different skills ofmanagers to get work from differentpeople.

Management is a technique of planning, choice-making, organizing, leading, motivating, and…

ecause, O a It involves efficient use of resource achieve goals. O b. It involves the use of principles an based on experiments. Oc I t coordinates all other functions to achieve goals. Od. It involves the use of different skil managers to get work from differe

ecause, O a It involves efficient use of resource achieve goals. O b. It involves the use of principles an based on experiments. Oc I t coordinates all other functions to achieve goals. Od. It involves the use of different skil managers to get work from differe

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Concept explainers

Breakeven Analysis

Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.

Process analysis

The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.

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Best choice

Management is called as 'Science', this i
because
O a. It involves efficient use of resources to
achieve goals.
O b. It involves the use of principles and rules
based on experiments.
Oc It coordinates all other functions to
achieve goals.
O d. It involves the use of different skills of
managers to get work from different
people.

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