Because Leaders Need to Devise Effective Solutions in Short Time

question 45

Multiple Choice

Because leaders need to devise effective solutions in short time spans with limited information, they need to have

• A) cognitive abilities.
• B) interpersonal abilities.
• C) business skills.
• D) conceptual skills.
• E) strategic skills.

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Definitions:

Profit-maximizing Output

The point of production where a company reaches its maximum profit potential.

Total Revenue

The overall amount of money generated by a firm from selling its goods or services.

Marginal Cost

Marginal cost is the increase in total cost that arises from producing one additional unit of a good or service.

Lawn-mowing

The act of cutting grass to a uniform length, often done as routine maintenance for residential and commercial landscapes.