An Attitude Adopted by Managers on the ____ Portion of the Political

question 83

Multiple Choice

An attitude adopted by managers on the ____ portion of the political response continuum is "defend status quo."

• A) proactive
• B) anticipatory
• C) reactive
• D) neutral
• E) entrenched

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Definitions:

Profit

The financial gain obtained when the revenue generated from a business activity exceeds the expenses, costs, and taxes associated with it.

Wholesale Price

The cost at which goods are sold to retailers by manufacturers or distributors before any retail markup.

Retail Price

The cost at which an item is sold to the general public by retailers.

Mark-up on Cost

The percent increase applied to the goods' cost price to cover overhead expenses and profit.