Which of the Following Is a Common Mistake That Managers

question 52

Multiple Choice

Which of the following is a common mistake that managers make?

• A)Using marginal analysis to make output decisions.
• B)Maximizing the value of the firm instead of maximizing the firm's profits.
• C)Treating implicit opportunity costs as part of the total costs of using resources.
• D)Increasing the rate of production in order to reduce unit costs of production.
• E)all of the above.

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Definitions:

Ground

The reference point in an electrical circuit from which voltages are measured, a common return path for electric current, or a direct physical connection to the Earth.

Proximity

The physical closeness or distance between people, which can influence the likelihood of interaction and relationship formation.

Organizational Principle

Fundamental concepts or rules that guide the structuring and management of an organization or system, promoting efficiency and effectiveness.

Closure

The psychological process of seeking resolution to a particular situation or emotional matter.