Which of the Following Is NOT an Advantage of Managerial

question 53

Multiple Choice

Which of the following is NOT an advantage of managerial hierarchies:

• A)Managers have confidence in their responsibility and authority
• B)Increase production of 2000%
• C)Employees have authority to make decisions
• D)None of the above

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Definitions:

Accounting Profits

The difference between total revenue and explicit costs of a business, as calculated for financial reporting and tax purposes.

Explicit Costs

Direct, out-of-pocket payments for wages, materials, rent, and other expenditures incurred in the conduct of a business.

Equilibrium Interest Rate

The interest rate at which the quantity of money demanded equals the quantity of money supplied.

Loanable Funds

The total amounts of capital available for borrowing, which includes savings and any additional credits created by financial institutions.