Which Skills Must Be Used in Almost All Management and Supervisory

question 24

Multiple Choice

Which skills must be used in almost all management and supervisory positions?

• A) Administrative skills
• B) Conceptual skills
• C) Technical skills
• D) Interpersonal skills

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Definitions:

Marginal Disutility

The added dissatisfaction a consumer experiences from consuming an additional unit of a product or service.

Behavioral Economics

A field of economics that examines how psychological, social, cognitive, and emotional factors affect economic decisions of individuals and institutions.

Anchoring

The tendency people have to unconsciously base, or “anchor,” the valuation of an item they are currently thinking about on recently considered but logically irrelevant information.

Decision Making

The process of selecting the best course of action from several alternatives to achieve a desired goal.