Which of the Following Is TRUE Regarding the Changes That

question 111

Multiple Choice

Which of the following is TRUE regarding the changes that a manager's job is undergoing?

• A)Managers practicing sustainability integrate economic,environmental,and social opportunities into the business strategy.
• B)Digitization hardly affects a manager's responsibilities.
• C)Innovative efforts are exclusively important for managers serving in high-tech organizations.
• D)Managers do best when adhering to principles set when the company was first founded.

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Definitions:

Income Effect

The change in an individual's consumption resulting from a change in their real income, due to price changes or other factors.

Law of Demand

indicates the inverse relationship between the price of a good or service and the quantity demanded, with demand typically decreasing as prices increase, all else being constant.

Total Utility

The overall satisfaction or happiness received from consuming a certain amount of goods or services.

Reallocating Expenditures

The process of adjusting the distribution of spending across different areas or categories to better align with financial goals or constraints.