Which of the Following Managerial Practices Is NOT Used to Lead

question 78

Multiple Choice

Which of the following managerial practices is NOT used to lead the effort to foster a results-oriented, high-performance culture?

• A) using empowerment to help create a fully engaged workforce
• B) making champions out of the people who spearhead new ideas and/or turn in winning performances
• C) celebrating individual, group, and company successes
• D) treating employees as valued partners in the drive for operating excellence and good business performance
• E) placing a premium on not making mistakes, prompting managers to lean toward safe, conservative options intended to maintain the status quo

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Definitions:

Price Higher Than Marginal Cost

A situation where the selling price of a product is set above the marginal cost of production, often leading to increased profitability but potentially distorting market efficiency.

Economic Profit

Economic profit is the difference between a firm's total revenue and its total costs, including both explicit and implicit costs, thereby measuring efficiency beyond accounting profit.

Long Run

In economics, the time period in which all factors of production and costs can be fully adjusted, contrasting with the short run where some costs are fixed.

Marginal Revenue

The additional income received from selling one more unit of a good or service.