James' First Year as Parts Manager for a Local Dealership

question 203

Multiple Choice

James' first year as parts manager for a local dealership was pretty rocky.To ensure that his subordinates would follow through on established goals,he warned them about losing their jobs.James' managerial attitude reflects assumptions underlying

• A) Theory X.
• B) Theory Y.
• C) Theory C.
• D) Theory Z.
• E) the equity theory.

---

Definitions:

Cartel

A group of producers that agree to control prices and output levels to maximize collective profits, often at the expense of competition.

Industry Profits

The total earnings of companies within a particular sector, after subtracting the costs of production and operation.

Output

The total amount of goods or services produced by a firm or an economy.

Overt Collusion

Overt collusion occurs when companies openly agree on prices, production levels, or market shares, in violation of free-market principles and often against the law.