Alyssa Works for an Engineering Firm That Has Been Hired

question 74

Multiple Choice

Alyssa works for an engineering firm that has been hired to design and supervise the construction of a highway bridge over a major river. The bridge will be a unique design, incorporating complex designs that will likely never be duplicated. How should Alyssa deal with designing and overseeing the building of the bridge?

• A) She should build a team of reliable workers who work well together and like being around each other.
• B) She should create a permanent team of management executives to monitor this and all projects her firm accepts.
• C) She should reward employees who have been with the company the longest with the opportunity to join the team.
• D) She should assemble a permanent, full-time group of production workers to produce the parts needed for the bridge.
• E) She should gather a group of people with a wide range of specialized talents to work on the bridge until it is completed.

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Definitions:

Producer Surplus

The difference between the amount producers are willing to sell a good for and the actual amount they receive by selling it at the market price.

Direct Price Discrimination

The practice of charging different prices to different consumers for the same product or service, based on the buyer's willingness to pay.

Low-value Group

A segment of the market or customer base that generates relatively low revenue or profit for a business, often targeted differently in marketing or pricing strategies.

Arbitrage

The simultaneous purchase and sale of an asset in different markets to profit from price differences.