Which of the Following Activities Would Be a Part of the Leading

question 107

Multiple Choice

Which of the following activities would be a part of the leading function of a manager?

• A)Recruiting qualified workers to join the organization and assigning them to their proper position.
• B)Training and coaching workers to help them understand their job and perform it effectively.
• C)Devising a new strategic plan to enter a new foreign market currently dominated by a competing firm.
• D)Examining a financial report to see whether the firm's profits are improving and taking corrective action if they are not.

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Definitions:

External Costs

Costs incurred by third parties who are not directly involved in a transaction or economic activity, such as environmental pollution affecting the community.

Marginal Cost Curve

A graphical representation showing how the cost of producing one more unit of a good changes as production volume increases.

Marginal Social Cost

The total cost to society of producing one additional unit of a good or service, including both direct costs and any adverse impacts on third parties.

External Costs

Costs that affect parties who do not directly participate in an economic transaction, often not reflected in market prices (e.g., pollution).