All of the Following Statements About Decision Style Are True

question 33

Multiple Choice

All of the following statements about decision style are true EXCEPT

• A) autocratic styles are authority-based.
• B) decision styles are consistent among top managers.
• C) heuristic styles can also be democratic.
• D) decision styles may vary among lower-level managers.

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Definitions:

Marginal Cost

The financial outlay required to produce a further unit of a product or service.

Pollution Abatement

Actions taken to reduce, control, or eliminate pollution from sources in order to protect the environment.

Marginal Utility

The supplementary utility or enjoyment obtained by consuming an additional unit of a good or service.

Consumer Surplus

Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.