Rayburn Reed Is a Highly Talented Photographer

question 40

Multiple Choice

Rayburn Reed is a highly talented photographer.He has chosen to specialize in photography because of all of the following except

• A)he obviously has a comparative advantage in photography.
• B)his opportunity cost of pursuing another career is very low.
• C)for him, this is the most lucrative way to purchase the products that he wants to consume.
• D)his photographs are highly esteemed by art lovers who are willing to pay very high prices.

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Definitions:

Duties

Obligations or tasks that one is expected or required to perform as part of a role, job, or moral commitment.

Guidelines

A set of recommended practices or instructions designed to guide actions or behavior in specific situations.

Employee Empowerment

The practice of giving employees the authority, tools, and resources to make decisions and contribute to the company's success.

Delegation

The process where a manager or leader assigns tasks and responsibilities to subordinates.