Managers Who Concentrate on Excelling Themselves, on Climbing Up Through

question 43

True/False

Managers who concentrate on excelling themselves, on climbing up through the ranks rather than helping their subordinates to excel, are not balanced performers.

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Definitions:

Opportunity Cost

The price paid for missing out on the alternative that ranks second best when deciding.

Excess Capacity

Refers to a situation where a company has more production ability than is necessary for the current level of demand.

Differentiation Value

The perceived value added to a product or service that makes it stand out from competitors.

Markup Percentage

The percentage added to the cost of a product to calculate the selling price, based on desired profit.