Examlex
In 1955, Katz suggested three types of skills required of a manager and/or leader. They are:
Specialized
Having expertise or focusing on a specific area of knowledge, function, or skill.
Trade
The exchange of goods and services between individuals or entities, often in different countries or economies.
Production Possibilities
The various combinations of goods and services an economy can produce given its available resources and technology.
Opportunity Cost
The price paid for not selecting the second-best choice when deciding between options.
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