In Accordance with the Ten Managerial Roles Mentioned by Mintzberg

question 69

Multiple Choice

In accordance with the ten managerial roles mentioned by Mintzberg, as a monitor, a manager is required to:

• A) scan for information.
• B) provide direction.
• C) handle budgets.
• D) forge agreements.
• E) share information.

---

Definitions:

Consumer Surplus

Consumer surplus refers to the difference between what consumers are willing to pay for a good or service and what they actually pay.

Producer Surplus

The difference between what producers are willing to accept for a product versus what they actually receive, usually seen as a measure of producer welfare.

Export Sector

The part of a country's economy that is involved in producing goods and services for sale in foreign markets.

Comparative Advantage

The ability of an individual or group to produce a good or service at a lower opportunity cost than others, leading to potential trade benefits.