Fletcher Met All the Goals His Manager Set Him, Despite

question 92

Multiple Choice

Fletcher met all the goals his manager set him, despite being faced with several obstacles.He won the Employee of the Year award for his diligence.Fletcher is

• A)high on defeatism.
• B)low on achievement.
• C)low on motivation.
• D)low on effort.
• E)high on persistence.

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Definitions:

Producing Product

The process of creating goods or services that are offered in the market for consumption or use.

Resources

Assets or inputs used to produce goods and services.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, indicating the financial gain in excess of opportunity costs.

Accounting Profit

The total revenue of a firm less its explicit costs; the profit (or net income) that appears on accounting statements and that is reported to the government for tax purposes.