According to Your Text,a Significant Problem with Using Common Sense

question 97

Multiple Choice

According to your text,a significant problem with using common sense to try and understand and interpret behaviour of others is that

• A)it is usually wrong.
• B)what one person considers common sense is frequently different than what someone else considers common sense.
• C)some managers base actions on company policy,not common sense.
• D)it is not considered progressive.
• E)it is not considered an effective management strategy.

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Definitions:

Net Operating Income

The profit a company generates from its normal business operations, excluding extraordinary items and expenses like taxes and interest.

Break-even

The point at which total revenues equal total costs, resulting in no net profit or loss for a business.

Monthly Dollar Sales

The total revenue generated from sales in a particular month measured in dollars.

Selling Price

The amount of money a customer pays to purchase a product or service.