Commerce JAMB

Management of a business involves the development of ideas for the?

A. distribution of goods and services that human wants
B. transportation of goods and services that human wants
C. transfer of title of ownership of goodsand services to individuals
D. production of goods and services that satisfy human needs

Correct Answer:

Option D – production of goods and services that satisfy human needs

Explanation

Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives. This is achieved when goods and services reach the final consumer and satisfy a want.

Sunday

Share
Published by
Sunday
Tags: Commerce

Recent Posts

Categories of People an Offer Can Be Made To and Classifications of Contracts

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

16 hours ago

BAM 134 Theory Question: Factors Determining Span of Control in Organizations

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

17 hours ago

BAM 134 Theory Question: The Importance and Elements of Delegation in Organizations

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

17 hours ago

BAM 134 Theory Question: Recruitment, Selection, and Training Procedures in Organizations

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

17 hours ago

BAM 134 Theory Question: Short Notes on Key Management Theories

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

21 hours ago

BAM 134 Theory Questions: Effective Communication in Organizations: Characteristics and Consequences of Failure

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

21 hours ago