If a CEO Wears a Suit and Tie to a Board

question 25

Multiple Choice

If a CEO wears a suit and tie to a board meeting and later in the day changes into jeans and a T-shirt to attend a football event with friends, he is engaging in:

• A) social engineering.
• B) impression management.
• C) social positioning.
• D) false impressions.

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Definitions:

Diminishing Marginal Returns

A principle stating that as more of a variable input is added to a fixed input, the additional output gained from each new unit of input eventually decreases.

Productivity

The measure of the efficiency of a person, machine, factory, or system in converting inputs into useful outputs.

Technical Assistance

Support provided, typically in the form of expertise or training, to help organizations, countries, or businesses improve their performance.

Isocost Line

A graphical representation in economics that shows all possible combinations of inputs that have the same total cost.