Suppose a Manager's Preferences Depend Only on Profit

question 1

Multiple Choice

Suppose a manager's preferences depend only on profit.Such a manager will then have an indifference curve that

• A)is tangent to the profit curve somewhere between quantities of 0 and 2.5.
• B)is tangent to the profit curve somewhere between quantities of 2.5 and 5.
• C)is tangent to the profit curve at a quantity exactly equal to 2.5.
• D)intersects the profit curve at a quantity exactly equal to 5.

---

Definitions:

Environmental Forces

Environmental Forces refer to external conditions and influences that affect an organization's performance, including political, economic, social, technological, environmental, and legal factors.

Present Environment

Refers to the current physical, social, economic, and political conditions in which individuals or organizations operate.

Function Effectively

The ability to operate or perform in the intended or expected manner, often achieving desired results or goals.

Organizational Chart

A diagram that visualizes the structure of an organization and shows the relationships and relative ranks of its parts and positions/jobs.