To Ensure Positive, Effective Communication, Managers Should Use Which of the Following

question 63

Multiple Choice

To ensure positive, effective communication, managers should use which of the following techniques?

• A) Multiple channels of communication
• B) Management by wandering around
• C) Formal communication channels
• D) All of these
• E) Multiple channels of communication and formal communication channels

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Definitions:

Total Demand

The entire quantity of a product or service that consumers in a market are willing and able to purchase at various prices.

Marginal Revenue

The additional revenue that a firm receives from selling one extra unit of a product or service.

Demand Schedule

A Demand Schedule is a tabular representation of the relationship between the price of a good or service and the quantity demanded by consumers, underlining the law of demand.

Patents

Legal documents granting an inventor exclusive rights to produce, use, and sell an invention for a certain number of years.