Melissa and Joanna Have Always Focused on Being Efficient Managers

question 102

Multiple Choice

Melissa and Joanna have always focused on being efficient managers. What is the best advice you should give them, given the quick success they have had with Venus and the information provided in the scenario?

• A) Efficiency is the only key to their continued success.
• B) Now it is time for them to consider only effectiveness, since they clearly have efficiency under control and this is not likely to change in the future.
• C) To continue their success, they should maintain a clear focus on both effectiveness and efficiency, especially while their company is experiencing such a high growth in sales.
• D) They should maintain the status quo without implementing any changes in order to continue making quick sales.
• E) As top-level managers, the best action plan for them is to carefully design the new items to assure these items are well accepted by the target consumers.

Recognize the practical applications and limitations of intelligence tests in educational and occupational settings.

Grasp the role of environmental and hereditary factors in the development of intelligence.

Understand the impact of managerial decisions on a firm's inventory and cash management.

Analyze how various financial activities affect a firm's cash flow.

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Definitions:

Oral Stage

A stage in Freud's psychosexual development theory focusing on infants' pleasure centers on the mouth during the first 18 months of life.

Personality Development

The ongoing process of developing and shaping one's personality, influenced by genetic, environmental, and social factors.

Defense Mechanism

Psychological strategies employed unconsciously to protect oneself from anxiety arising from unacceptable thoughts or feelings.

Displacement

A defense mechanism where negative emotions or impulses are transferred from the original source to a less threatening object or person.