Define the term management
What will be an ideal response?
Answer: Management is the process of planning, organizing, leading, and controlling an organization's financial, physical, human, and information resources to achieve its goals. Typically a manager's day would involve attention to all these aspects of the role.
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Mr. Jiminez wants his 16 year old son to buy a life insurance policy as an investment for college. He asks you if it is legal for a minor child to purchase and own life insurance. You correctly respond by saying:
A) minors never have capacity to enter contracts B) minors always have capacity to enter contracts C) the courts have ruled that it is illegal for minors to purchase life insurance D) the courts have ruled both ways on minors' ability to own life insurance
Which of the following is an example of how technology innovation is not always positive?
a. technology innovation has led to the formation and rapid growth of companies b. technology innovation allows for more efficient production of existing products and services c. technology innovation has created the need to constantly multi-task d. technology innovation has led to significant growth in gross domestic product