Which of the Following Is an Example of How a Service

question 80

Multiple Choice

Which of the following is an example of how a service firm might turn unused capacity into revenue using incremental analysis?

• A)An instructor agrees to add an additional student to a class.
• B)An accountant with no extra time agrees to do an extra client's tax return during busy season.
• C)A manufacturing firm that rents assembly line space to a complementary company.
• D)A train company uses a last-minute app to fill empty seats and makes long-term pricing decisions based on average revenue.

Assess the importance of communication, ethics, and vision in effective leadership.

Identify the significance of commitment and concern for others in leadership roles.

Understand the role of discipline and corrective action in achieving leadership results.

Recognize the importance of historical knowledge, legal understanding, and common sense in leadership.

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Definitions:

Mid-Ocean Ridges

Underwater mountain ranges formed by plate tectonics, where new oceanic crust is created through volcanic activity.

Ocean Basins

The underwater depressions of the Earth's surface that contain the bulk of the planet's ocean water.

Abyssal Plains

Vast, flat areas of the deep ocean floor, situated at depths between 3,000 and 6,000 meters below sea level.

Seamounts

Underwater mountains formed by volcanic activity, which rise from the ocean floor but do not reach the surface.