Sofia Has Worked for the Same Manufacturing Firm for 20

question 33

Multiple Choice

Sofia has worked for the same manufacturing firm for 20 years.Last week, she attended a workshop where she learned new coaching and mentoring practices for managers and supervisors.She is in line for a promotion next year, and this session will enhance her opportunity for that job.What kind of session did Sofia attend?

• A)Career development
• B)Sigma management practice
• C)Employee development
• D)Employee training
• E)Retirement planning

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Definitions:

Profit-maximizing Output

The level of production at which a firm's marginal cost equals its marginal revenue, leading to the highest possible profit.

Cournot Model

A model of oligopoly in economics where competing firms simultaneously and independently decide on the quantity of production, leading to a strategic interaction.

Maximize Revenues

Strategies or actions taken by a business to increase its total income from sales or other sources as much as possible.

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in a market, often to maximize their collective profit.