Brenda Receives a Bulletin from Head Office Recognizing the Exceptional

question 107

Multiple Choice

Brenda receives a bulletin from head office recognizing the exceptional performance of her section and her team and reporting that they have earned their bonuses for this quarter.At the beginning of the next shift Brenda shares this good news with the team.As she does this she is performing which management role?

• A)monitor
• B)personal
• C)decisional
• D)informational

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Definitions:

Tax Revenue

The income that is collected by the government through various forms of taxation, including income taxes, corporate taxes, and sales taxes, which is then used to fund public services and government operations.

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded.

Consumer Surplus

The gap between what consumers are prepared and can afford to pay for a product or service versus what they end up paying.

Deadweight Loss

The loss of economic efficiency when the equilibrium outcome is not achievable or not achieved in a market.