CASE Scenario - Elaine Eastman

question 78

Multiple Choice

CASE
Scenario - Elaine Eastman
The new program would be focused around MBO concepts. Elaine Eastman had been a manager at ABCD for ten years and she was not all certain if this new MBO approach was going to fit her department. She had strong commitment to achieving the company's objectives, but she also knew her employees well enough to know that some didn't share the same commitment.
-Elaine can anticipate and work to prevent the problems of MBO which include

• A) increase in paperwork that leads to a reduction of energy.
• B) a decrease in communication between managers and employees.
• C) greater conflict because of opposing goals.
• D) all of these.
• E) none of these.

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Definitions:

Utility Function

A mathematical representation of how different goods or bundles of goods provide satisfaction or utility to a consumer.

Substitution Effect

The change in the consumption of goods as a result of a change in their relative prices, holding the consumer's utility level constant.

Income

The financial gain received by an individual or business, typically expressed as a total earnings or profit.

Price

The amount of money required to purchase a good or service, or the value that consumers are willing to pay for it.