Tess Is the General Manager of Choc-A-Block, an International Sweet

question 53

Multiple Choice

Tess is the general manager of Choc-a-block, an international sweet manufacturing company. She wants to give one of her managers an "Employee of the Year" award. Which of the following managers should she choose if she is looking for the employee with the highest level of competence?

• A) Jack, who is completely trustworthy with confidential information
• B) Dora, who is the first one to explain what she needs in any situation
• C) Maria, who develops effective action plans to achieve team goals
• D) Peggy, who considers company interests above those of customers
• E) Terry, who keeps a low profile and does not draw attention to himself

---

Definitions:

Dominant Firms

Companies that have a major share of sales in a particular market, giving them significant power over the market price.

Monopolistic Competition

A market structure where many companies sell products that are similar but not identical, allowing for competition based on quality, price, and marketing.

Large Number

In economics, it often refers to a market condition where there are many buyers and sellers, leading to competitive prices.

Monopolistic Competitor

A monopolistic competitor operates in a market structure characterized by many firms offering products that are similar but not identical, leading to differentiated competition.