Which of the Following Is a Common Mistake Managers Make

question 2

Multiple Choice

Which of the following is a common mistake 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) Reducing price to increase the firm's share of total market sales.
• D) Treating implicit opportunity costs as part of the total costs of using resources.
• E) all of the above.

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Definitions:

Encode

The act of converting ideas into a communicable form, such as language or gestures, during the communication process.

Intended Meaning

The meaning or interpretation that a communicator aims to convey to the listener or reader.

Feedback

Communicates how one feels about something another person has done or said.

Communicates

The process of transmitting information, ideas, emotions, skills, or knowledge from one entity to another through various means.