Scenario A

question 74

Multiple Choice

Scenario A. Mike is a new management trainee at Simply Swift, Inc., a firm that manufactures equipment used in wind technology, a complex and ever-changing industry. He has just graduated with his bachelor's degree in management and is anxious to use his education. He has nearly completed the first management rotation for Simply Swift and has some questions about how the organization is managed and how the principles of organization structure are used in the company. He believes there is too little specialization and that the span of control in the company is not optimal.
-Mike is looking for a long-term career with this company.Given the information in Scenario A what is the best way he could discover possible career paths with Simply Swift?

• A)He should research minimum job qualifications for entry-level jobs.
• B)He should review the organization chart.
• C)He should ask the director of finance.
• D)He should review company financial statements.
• E)He should check with an online job placement firm.

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Definitions:

Marginal Rate

A rate that indicates the change in a variable (such as cost, revenue, or tax) as its underlying factor changes incrementally.

Substitution

The action of replacing one good or service with another based on changes in relative prices, incomes, or preferences.

Indifference Curve

A graph showing different combinations of two goods that provide the same level of utility or satisfaction to a consumer.

Utility

In economics, a measure of satisfaction, usefulness or value that an individual gains from consuming goods and services.