Good Managers Realize That Recognizing Symptoms of Problems Is

question 17

Multiple Choice

Good managers realize that recognizing symptoms of problems is :

• A) sometimes important depending on the industry.
• B) usually important when dealing with accounting issues.
• C) going to help get them promoted.
• D) never the job for middle managers.
• E) imperative if the business is to keep functioning at its highest potential.

---

Definitions:

Diminishing Marginal Returns

A principle stating that as one adds more of a variable input to a fixed input, after a certain point, the additional output generated begins to decrease.

Personal Satisfaction

Personal satisfaction is the measure of contentment or happiness that an individual derives from an activity, situation, or overall life experience.

Work Efficiently

The performance of tasks in a manner that maximizes productivity while minimizing waste of time and resources.

Average Total Cost Curve

A graphical representation showing how the total cost of producing different quantities of a good divides by the quantity of goods produced, indicating the average cost per unit.