Even People Who Have No Plans to Be Managers Can

question 34

Multiple Choice

Even people who have no plans to be managers can benefit from studying management because ________.

• A)they are likely to be managed in their work career
• B)everyone ends up managing
• C)they need to be able to outsmart their managers
• D)management helps people control their emotions

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Definitions:

Ed/Es

This represents the ratio of the elasticity of demand (Ed) to the elasticity of supply (Es), indicating how responsive the quantity demanded and supplied are to changes in price.

Sales Tax

A tax imposed by governments on the sale of goods and services, collected by the retailer at the point of sale.

Ad Valorem Tax

A tax based on the assessed value of an item, such as property or goods, typically expressed as a percentage.

California

A diverse and populous state located on the Pacific coast of the United States, known for its significant economic, cultural, and political influence.