Management Innovation Refers to Improving Which of the Following

question 10

Multiple Choice

Management innovation refers to improving which of the following?

• A) Management thinking
• B) Decision making
• C) How operational activities get accomplished
• D) How the work of management gets done
• E) All of these are correct.

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Definitions:

MP

Short for Marginal Product, which is the additional output resulting from using one more unit of a particular input, holding other inputs constant.

MC

Marginal Cost, the change in total production cost that comes from making or producing one additional unit.

AP

Advanced Placement, a program offering college-level curriculum and examinations to high school students in various subjects.

Average Fixed Costs

Costs that remain constant in total regardless of changes in the level of production or output.