Which of the Following Assertions Does a Managerial Theorist Agree

question 54

Multiple Choice

Which of the following assertions does a managerial theorist agree with?

• A)Modern managers seldom need to balance conflicting claims on their time and their company's resources.
• B)Firms cannot survive by ignoring the claims of important interest groups.
• C)Firms do not have to deal with external constituents other than their customers and suppliers.
• D)Government regulation is the key to ethical management.

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Definitions:

Output

The total amount of goods and services produced by an economic system.

Most Efficiently

Operating in a way that maximizes productivity or benefits while minimizing waste and costs.

Output

The total amount of goods and services produced by an economy, business, or machine in a given period.

MC Equals MR

A condition in economics where the marginal cost of producing an additional unit is equal to the marginal revenue received from selling that unit, often used to determine the optimal level of production in perfectly competitive markets.