Keeping a 'To Do' List Allows a Manager to Remain

question 7

Multiple Choice

Keeping a 'To do' list allows a manager to remain focused on the tasks that will help to achieve their goals no matter what else may come up. This means they will work in a manner that is:

• A) ad hoc.
• B) reactive.
• C) spontaneous.
• D) proactive.
• E) passive.

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Definitions:

Law of Demand

A fundamental principle stating that, ceteris paribus, as the price of a good increases, the quantity demanded of that good decreases, and vice versa.

Product Price

The cost for which a single item or service is sold to consumers, which can consider production, marketing, and distribution expenses.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price.

Demand Schedule

a table that shows the quantity of a good or service that consumers are willing and able to purchase at various price points.