The Manager of Marketing Informed an Operations Supervisor About the Layoffs

question 25

Multiple Choice

The manager of marketing informed an operations supervisor about the layoffs other departments were experiencing.What form of communication is taking place?

• A)downward vertical
• B)upward vertical
• C)horizontal
• D)grapevine

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Definitions:

Risk-Averse

The characteristic of preferring to avoid risk, opting for lower but more certain returns over potential higher but uncertain returns.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Marginal Utility Curve

A graphical representation showing how marginal utility depends on the quantity of the good or service consumed.

Risk Aversion

The tendency of individuals to prefer outcomes that are certain or less risky over outcomes that are uncertain, even if the uncertain outcomes might offer a greater expected return.