There Have Been Several Studies of Managers Who Fail (Derailers)

question 85

Multiple Choice

There have been several studies of managers who fail (derailers) and managers who succeed in climbing the organizational hierarchy (arrivers) . Which of the following statements describes a significant fact learned from these studies?

• A) Derailers are insensitive.
• B) Arrivers fail to inform others when things will not be done on time.
• C) Arrivers fail to admit mistakes.
• D) Arrivers fail to take responsibility for mistakes.
• E) There are several significant differences between arrivers and derailers.

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Definitions:

Profit

The financial gain obtained when the revenue from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Long Run

A period during which all factors of production and costs are variable, allowing all inputs to be adjusted.

Profit-Maximizing

A strategy where a company seeks to achieve the highest possible profit, often by adjusting output levels or prices.

Units

Basic quantities or measures adopted to quantify and represent variables in quantitative analyses, such as units of measurement in physics or economic units in economics.