As Managers Move to Higher Organizational Levels, the Need for __________

question 123

Multiple Choice

As managers move to higher organizational levels, the need for __________ skills decreases, but the need for __________ skills continues to be equally important.

• A) human; technical
• B) conceptual; technical
• C) technical; human
• D) human; conceptual
• E) technical; conceptual

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Definitions:

Opportunity Cost

The rejection of advantageous prospects from other paths when one path is chosen.

Free Trade

The absence of restrictions or tariffs on the import and export of goods and services between countries, allowing for the unimpeded flow of goods, services, and capital.

Consumption

Consumption denotes the use of goods and services by households, which plays a crucial role in the economic cycle by driving demand and influencing production.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs representing resources or production factors.