Are Any of the Following NOT a Good Reason for Managers

question 26

Multiple Choice

Are any of the following NOT a good reason for managers to be well grounded in basic research?

• A) Do research for themselves.
• B) Make competent decisions on whether to make or 'buy' research from researchers outside the firm.
• C) Define their own needs and form researchable questions for the specialist.
• D) Judge the logic of a research approach.
• E) All are good reasons.

---

Definitions:

Marginal Cost Curve

A graphical representation showing the change in total production cost resulting from producing one additional unit of a good.

Upward-Sloping

Typically refers to the positive slope of a supply curve in economics, indicating that as the price increases, the quantity supplied also increases.

Output

The collective volume of products or services generated by an enterprise, sector, or economic system.

Average-Total-Cost Curve

A graphical representation showing the average cost per unit of output at different levels of production, typically U-shaped due to economies and diseconomies of scale.