If a Manager with a Finance Background Sees a Problem

question 141

Multiple Choice

If a manager with a finance background sees a problem as finance-based,while a manager with a production background sees it as production-based,what type of communication barrier has occurred?

• A) misperception
• B) filtering
• C) selective perception
• D) information overload

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Definitions:

Initial Endowment

The initial quantity of goods, services, or resources an individual, institution, or country possesses at the start of an economic analysis.

Relative Prices

The price of one good or service compared to another, indicating their exchange rate in the market.

Normal Good

A type of good for which demand increases when income increases and falls when income decreases, with other factors being constant.

Inferior Good

A type of good for which demand decreases as the income of the consumer increases, opposite to normal goods.