If an Idea Does Fail,the Supervisor Should Acknowledge the Problem

question 56

Multiple Choice

If an idea does fail,the supervisor should acknowledge the problem and:

• A) place the blame on the responsible employee.
• B) find a solution for it.
• C) focus on learning only from successes and not from failures.
• D) discuss it with the same few people he/she always spends time with.

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Definitions:

Zero Economic Profit

A situation where a firm's total revenue is exactly equal to its total costs, including opportunity costs.

Constant Cost

A situation where the cost of producing one additional unit of a good or service is the same, regardless of the volume produced.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded.

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded.