Which Kind of Skill Enables Managers to Take an Overall

question 96

Multiple Choice

Which kind of skill enables managers to take an overall view of how the parts of the organization interrelate and to think strategically?

• A) Interpersonal
• B) Technical
• C) Conceptual
• D) Time-management
• E) Diagnostic

Recognize the importance of timely and contingent reinforcement in shaping desired behaviors.

Understand the stages and fallibility of memory in information processing.

Comprehend how individuals assess events, responsibility, and personal qualities through attribution.

Recognize the selective nature of perception and its effects on information processing.

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Definitions:

Opportunity Cost

Opportunity cost is the value of the next best alternative foregone as a result of making a decision, representing the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Allocatively Efficient

Allocatively Efficient means an economic state where resources are allocated in a way that maximizes the overall benefit to society, with goods and services distributed according to consumer preferences.

All Other Things Equal

A phrase used in economics, indicating that all other variables are held constant except the variables being studied.

Relevant Factors

Factors that significantly impact the analysis or outcome of a particular situation or model.