If Brenda Accomplished Her Projects on Time with High-Quality Results

question 81

Multiple Choice

If Brenda accomplished her projects on time with high-quality results, but she took more time than other managers did in the process, you could say that as a manager she was _________.

• A)a leader, but not a top manager
• B)effective, but not efficient
• C)efficient, but not effective
• D)project-oriented, but not effective

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Definitions:

Equilibrium Quantity

The quantity of goods or services supplied is equal to the quantity demanded at the market price.

Consumer Surplus

The difference between the highest price a consumer is willing to pay for a good or service and the actual market price they pay.

Positively Sloped

Describes a line on a graph that moves upward as one moves from left to right, indicating a direct relationship between two variables.

Negatively Sloped

A term used in economics to describe a line on a graph that moves downwards from left to right, indicating an inverse relationship between two variables.