Tracy, a Manager at a Busy Warehouse, Was Slow to Hire

question 107

Multiple Choice

Tracy, a manager at a busy warehouse, was slow to hire new employees, preferring instead to encourage improvements from his current staff.He carefully watched his other costs too, performing equipment maintenance on a regular basis to improve its lifespan.Tracy would best be described as a(n) _____ manager.

• A)efficient
• B)ethical
• C)innovative
• D)effective
• E)micro

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Definitions:

Liabilities

Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits.

Articles of Partnership

A document that outlines the rules and guidelines for the operation of a partnership, including the responsibilities and profit-sharing among partners.

Capital Balances

The amount of money that partners or shareholders have invested in a company, not withdrawn, and recorded in capital accounts.

Net Loss

The amount by which total expenses exceed total revenues for a business, indicating financial loss.