Which of the Following Is Preferred by Managers When the Risk

question 73

Multiple Choice

Which of the following is preferred by managers when the risk of obsolescence is high?

• A) A short payback period
• B) A high opportunity cost
• C) A low accounting rate of return
• D) All of these
• E) None of these

Understand the effects of job enrichment, enlargement, and other design strategies on job and work outcomes.

Recognize how individual traits and job characteristics interact to influence job involvement and satisfaction.

Understand the concept and application of personality inventories.

Recognize the influence of biological factors on personality traits such as extraversion and introversion.

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Definitions:

Midpoint Method

A technique used to calculate the elasticity of demand or supply between two points on a curve by using the average of the two points.

Total Revenue

Total revenue refers to the total amount of money generated by a business or organization from its activities, often from sales of goods or services, before any expenses are subtracted.

Demand Elasticity

A metric for assessing the reaction of a good's demanded quantity to its price adjustments.

Income Elasticity

A measure of how the demand for a good or service changes with a change in consumers' income.