What Does a Managerial Grid Score of 9,1 Indicate

question 27

Multiple Choice

What does a managerial grid score of 9,1 indicate?

• A) The manager is effective in satisfying relationships and is less concerned about production.
• B) The manager is highly concerned about production though he ignores the people aspects of work.
• C) The manager maintains a balance between the necessity to perform work and employee morale.
• D) The manager derives superior performance from employees who are highly dedicated.
• E) The manager is neither effective in maintaining relations nor in effectively maintaining production.

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Definitions:

ATC

Average Total Cost, which represents the total cost per unit of output, calculated by dividing the total cost by the quantity of output produced.

MR

Stands for Marginal Revenue, which is the additional income earned from selling one more unit of a good or service.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit costs and opportunity costs.

Perfectly Competitive

A market structure where many firms sell identical products, entry and exit are easy, and no single seller can influence the market price.