The Following Are Economic Principles for Managers EXCEPT

question 1

Multiple Choice

The following are economic principles for managers EXCEPT:

• A) the role of manager is to make decisions
• B) the anticipated objective of management is to increase the firm's value
• C) the firm's sales revenue depends on demand for its product
• D) the firm must maximize cost for each level of output
• E) successful firms deal rationally and ethically with laws and regulations

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Definitions:

Personal Unconscious

A term in Jungian psychology referring to the component of the mind holding forgotten or repressed memories and personal experiences.

Psychic Energy

In psychoanalytic theory, the force attributed to the psychological workings of the mind and the driving power behind behavior and thought.

Perceiving

The process of becoming aware of something through the senses, a key element in how individuals understand and navigate their environment.

Forgotten Material

Information or memories that an individual is unable to recall, potentially repressed or lost over time due to various psychological factors.