Which of the Following Is True Concerning Technical and Managerial

question 109

Multiple Choice

Which of the following is true concerning technical and managerial skills?

• A) Technical-skill needs remain necessary and human skills decrease as managers move to higher levels.
• B) Human skills and technical skills remain equally important as managers move to higher levels.
• C) Human skills remain necessary and technical-skill needs decrease as managers move to higher levels.
• D) Both human-skill and technical-skill needs decrease as managers move to higher levels.

Understand how the demand curve is derived from diminishing marginal utility.

Understand the implications of changes in income and prices on consumer equilibrium.

Recognize the role of time and opportunity cost in consumer behavior.

Explain the diamond-water paradox and the importance of marginal utility in determining price.

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Definitions:

Three Parties

A term generally used in contracts or legal situations where three distinct entities are involved.

Lease

A contractual agreement whereby one party grants another the right to use property, equipment, or facilities for a specified period in exchange for payment.

Title

A legal term referring to a rightful ownership of property, assets, or the evidence thereof.

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty that establishes a uniform international sales law.