The Purpose of Managing by Walking Around or MBWA Is

question 112

Multiple Choice

The purpose of managing by walking around or MBWA is to

• A)learn more about company operations and see how activities are really being done.
• B)be visible and accessible to employees.
• C)give employees a chance to make suggestions for improvement.
• D)gather information about what strategy to follow and to learn what competitors are doing.
• E)gather information about what is happening from people at different organizational levels and learn firsthand how well the strategy execution process is proceeding.

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Definitions:

Average Total Cost

The total costs of production (both fixed and variable costs) divided by the quantity of output produced, indicating the cost per unit of output.

Marginal Cost

The rise in overall expenses resulting from the manufacture of an extra unit of a good or service.

Average Variable Cost

The total variable cost divided by the quantity of output, representing the variable cost per unit of output produced.

Marginal Cost

The expenditure involved in creating an additional product unit.