A Top Manager for a Management Consulting Firm Would

question 47

Multiple Choice

A top manager for a management consulting firm would:

• A) establish a positive organizational culture that encourages employees to be passionate about their clients
• B) make sure employees are attired according to the company dress code
• C) evaluate the performance of individual consultants
• D) monitor expense statements turned in by consultants
• E) coordinate activities within and between consultants working in the field and support staff in the office

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Definitions:

Profit-Maximizing Level

The level of production at which a business achieves the highest possible profit.

Total Revenue

The total revenue obtained from selling products or services before deducting any costs.

Units

Basic quantities or amounts of a product, service, or measurement.

Profit-Maximizing Amounts

The levels of production or pricing at which a firm achieves the highest possible profit.