When You Must Deliver Bad News in the Workplace, Remember

question 5

Multiple Choice

When you must deliver bad news in the workplace, remember that

• A)you should de-emphasize the news at all costs.
• B)your feelings, as well as the feelings of anyone who receives the message, are irrelevant.
• C)delaying, downplaying, or distorting the news may be unethical or illegal.
• D)internal and external audiences will react to the news in the same way.

Recognize the role of economies of scale and natural monopolies in the industry.

Distinguish between short-run and long-run profit maximization strategies for monopolists.

Identify factors leading to the existence of monopolies, including legal barriers and control of resources.

Analyze the impact of corporate hierarchy on management complexity in various countries.

---

Definitions:

Agricultural Act of 2014

A United States federal law that established policies for agricultural and food programs, often referred to as the 2014 Farm Bill.

Crop Insurance

A risk management tool that protects agricultural producers against loss of their crops due to natural disasters, such as flood, hail, drought, or loss in revenue due to declines in the prices of agricultural commodities.

Price Support

A government intervention mechanism to maintain the price of a commodity at a certain level by buying excess supply or offering subsidies.

Price-Support Program

Government interventions to maintain the market price of a commodity or product above its equilibrium level to support the income of producers.