There Are Many Aspects of a Company That Managers Should

question 84

Multiple Choice

There are many aspects of a company that managers should focus on.Which of the following sets most completely describes key success factors for managers in terms of delivering performance to customers?

• A)cost and efficiency, time, quality, innovation
• B)cost and efficiency, quality, innovation
• C)cost and efficiency, shareholder value, quality, innovation
• D)cost and efficiency, management by exception, quality, innovation
• E)cost and efficiency, budgeting, quality, innovation

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Definitions:

Marginal Social Benefit

The additional benefit to society from consuming one more unit of a good or service.

Marginal Private Cost

The cost incurred by a firm for producing one additional unit of a good, exclusive of any external costs.

Technology Spillovers

Benefits that firms or countries obtain by imitating or learning from the innovations of others, often without incurring the cost of innovation.

Subsidies

Financial assistance grants or tax breaks provided by the government to support businesses, organizations, or individuals, encouraging production or consumption of certain goods and services.