Multiple Choice
Which term refers to the specific group for which a business's products, services, and marketing efforts are intended?
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1. Introduction to Accounting
Business Organization
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Which term best describes the process of planning, staffing, leading, and organizing employees within a business organization?
A
Marketing
B
Management
C
Accounting
D
Finance
Verified step by step guidance1
Step 1: Understand the key terms provided in the question: Marketing, Management, Accounting, and Finance. Each term represents a distinct function within a business organization.
Step 2: Define the term 'Management' as it relates to the process of planning, staffing, leading, and organizing employees. Management involves coordinating resources and people to achieve organizational goals effectively.
Step 3: Compare the term 'Management' with the other options: Marketing, Accounting, and Finance. Marketing focuses on promoting and selling products or services, Accounting deals with recording and reporting financial transactions, and Finance involves managing money and investments.
Step 4: Recognize that the process described in the question—planning, staffing, leading, and organizing employees—is a core function of Management, as it directly pertains to overseeing and coordinating human resources and operations.
Step 5: Conclude that the term 'Management' best fits the description provided in the question, as it encompasses the activities mentioned.
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