In the production process, the manager must do which of the following?

• A. Set government policy for the industry
• B. Provide all the financial capital personally
• C. Organize and coordinate the factors of production
• D. Determine the market price for the final product

Answer: (C)

Verified step by step guidance

1. Understand the role of a manager in the production process, which primarily involves overseeing and coordinating the inputs used to produce goods or services.
2. Recognize that setting government policy is typically the role of policymakers or regulators, not a production manager.
3. Acknowledge that providing all financial capital personally is not a requirement for a manager; financing can come from various sources.
4. Identify that determining the market price is usually influenced by market forces and pricing strategies, not directly set by the production manager.
5. Conclude that the manager's main responsibility is to organize and coordinate the factors of production, such as labor, capital, and raw materials, to ensure efficient production.