What Skills Can a Manager Utilize to Work Well with People

question 35

Multiple Choice

What skills can a manager utilize to work well with people and make them feel excited about their work?

• A) Human relations skills
• B) Technical skills
• C) Accounting skills
• D) Conceptual skills
• E) Marketing skills

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Definitions:

Maximize Utility

The process of allocating resources to get the highest possible satisfaction for an individual or a society.

Consumer's Budget Line

A graphical representation of all possible combinations of two goods that a consumer can purchase, given their income and the prices of the goods.

Price of A

The cost assigned to a specific product or service "A", determined by various factors like production costs, supply, and demand.

Price of B

The cost required to purchase good B or the amount a consumer is expected to pay for acquiring good B.