Assume the Demand for Cigarettes Is Relatively Inelastic,and the Supply

question 159

Multiple Choice

Assume the demand for cigarettes is relatively inelastic,and the supply of cigarettes is relatively elastic.When cigarettes are taxed,we would expect

• A)most of the burden of the tax to fall on sellers of cigarettes,regardless of whether buyers or sellers of cigarettes are required to pay the tax to the government.
• B)most of the burden of the tax to fall on buyers of cigarettes,regardless of whether buyers or sellers of cigarettes are required to pay the tax to the government.
• C)the distribution of the tax burden between buyers and sellers of cigarettes to depend on whether buyers or sellers of cigarettes are required to pay the tax to the government.
• D)a large percentage of smokers to quit smoking in response to the tax.

Identify various types of skills required for managerial success.

Acknowledge the traits relevant to adapting to change and learning from experience.

Understand the importance and impact of different types of skills (conceptual, cognitive, interpersonal, technical) in varying management roles.

Identify the relationship between personality traits (such as emotional maturity, locus of control, need for achievement) and managerial effectiveness.

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