Short- and Intermediate-Range Plans of One Month to One Year

question 36

Multiple Choice

Short- and intermediate-range plans of one month to one year are usually made by:

• A) Top managers.
• B) Middle managers.
• C) Supervisory managers.
• D) Nonmanagers.

Recognize the difference between cross-sectional and longitudinal studies and their purposes.

Understand the concept of consumer surplus and its calculation.

Understand the concept of producer surplus and its calculation.

Identify the factors that lead to consumer and producer surplus in a market.

---

Definitions:

Hidden Benefits

Advantages or positive outcomes that are not immediately obvious or recognized, often revealing themselves over time or upon deeper analysis.

Workplace Morale

The overall mood of a workplace based on attitudes and satisfaction.

Individual Accountability

The principle that each person is responsible for their own actions and outcomes.

Communication

The act of conveying meanings from one entity or group to another through the use of mutually understood signs, symbols, and semiotic rules.