Stephen Is a Manager Who Spends a Considerable Portion of the Day

question 24

Multiple Choice

Stephen is a manager who spends a considerable portion of the day reading business magazines and the Wall Street Journal.What is the most legitimate reason for this use of Stephen's time?

• A)He is about to be pruned and looking for a job.
• B)Managers need to remain alert to changes in the environment of their firm.
• C)He is looking for new theories of management to use.
• D)He is avoiding conflict with his supervisors and peers.
• E)Managers who look like they are working hard raise workers' anxiety.

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Definitions:

Variable Costing

An accounting method that only includes variable costs - costs that fluctuate with production volume - in the calculation of unit cost.

Fixed Costs

Expenses that do not change with the level of production or sales over a short period, such as rent or salaries.

Direct Materials

The raw materials that are directly traceable to the manufacturing of a product.

Microbrewery

A small brewery that produces beer in limited quantities, often emphasized on quality, flavor, and brewing technique.