Morgan Is a Line Manager Who Wants to Cut Costs

question 43

Multiple Choice

Morgan is a line manager who wants to cut costs and make her department more efficient.She is not sure what she is allowed to do to achieve his goals.Morgan should ask the human resources department for help understanding the ______ responsibilities of line management.

• A) appraisal and promotion
• B) labor cost controls
• C) leadership and motivation
• D) training and development

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Definitions:

Factor Prices

The costs of the inputs that are used in the production of goods or services.

Production Function

A mathematical relationship describing the maximum output possible from a given set of inputs.

Units Of Output

The total quantity of goods or services produced by a company or industry in a specific period.

Junior Partner

A member of a partnership or firm who has less responsibility and usually a smaller share of the business than senior partners.