Which of the Following Is the Major Challenge for Managers

question 64

Multiple Choice

Which of the following is the major challenge for managers in a fully networked organization?

• A) eliminating the need for paper communication by relying entirely on e-mail, file transfers, and the like
• B) retaining team members who can easily move to another employer when demand for their services changes
• C) managing contract and temporary workers
• D) maintaining a "virtual office" through the use of computers, interoffice networks, and the Internet
• E) managing people who work together but are geographically separated

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Definitions:

Deadweight Loss

An economic inefficiency that occurs when a market is not in competitive equilibrium, leading to a loss of economic value.

Price Discriminate

A pricing strategy where the same product or service is sold at different prices to different customers, based on their willingness to pay.

Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and products that are close substitutes, leading to price competition.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total net benefits to society.