Which of the Following Are Examples of Diagnostic Skills? Select

question 72

Multiple Choice

Which of the following are examples of diagnostic skills? Select as many as apply.

• A) ​designing a new logo for a major advertising client
• B) ​figuring out why the number of quality applicants to a 5-star restaurant is decreasing
• C) ​deciding whether or not to undertake a risky acquisition
• D) providing negative feedback to an employee in a way that will correct her behavior without discouraging her
• E) writing software code for a new search engine

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Definitions:

Labor Productivity

A measurement of economic performance that shows the amount of goods and services produced per labor hour.

Average Total Cost

The total cost of production divided by the total quantity produced, representing the average cost per unit.

Long Run

A time period in economic analysis during which all factors of production and costs can be variable, allowing for full adjustment to changes in market conditions.

Variable Costs

Costs that vary directly with the level of production or output, such as materials and labor.