On EBay, Brand-New Red Espresso Machines Routinely Sell for $50

question 31

Multiple Choice

On eBay, brand-new red espresso machines routinely sell for $50 more than identical white machines.What can you conclude?

• A)The color white has no value.
• B)The color red has value.
• C)Color has no value since it does not add to the function of the machine.
• D)There is something different about the red machines.

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Definitions:

Peter Drucker

A renowned management consultant, educator, and author, considered the father of modern management.

Delegation

The assignment of responsibility and authority to someone else while retaining ultimate accountability.

Accountable

Being responsible for one's actions and the outcomes of those actions, often involving an obligation to report, explain, or justify them.

Good Management

Refers to the process of effectively planning, organizing, leading, and controlling resources and tasks to achieve organizational goals.