Scenario C

question 99

Multiple Choice

Scenario C.Felipe is the manager of Pawlicious,a bakery that specializes in cookies for cats and dogs.As the manager of the bakery,he has many responsibilities.One day he holds a meeting where he informs the employees that the company must freeze wages for the next year.An agitated employee threatens to "make the company regret this," so Felipe asks the employee to leave immediately and makes sure that security personnel escort the employee off the premises.After the meeting,Felipe goes to meet one of the bakery's distributors to obtain information about possible new markets for the company's products.Then he represents the company at a dinner for the retiring bank officer who handled Pawlicious's account for many years.These are some of the roles that Felipe performs as a manager.
-Which of the following roles was Felipe performing when he dealt with the angry employee?

• A)monitor
• B)negotiator
• C)disturbance handler
• D)resource allocator
• E)liaison

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Definitions:

Accounting Profits

The difference between total revenue and explicit costs of a business, calculated using principles of accounting.

Economic Profits

The surplus left after total costs (including both explicit and implicit costs) are subtracted from total revenues.

Short-Run Marginal Costs

Costs associated with producing one more unit of a good or service in the short term, where some inputs are fixed.

Market Price

The current price at which an asset or service can be bought or sold in the open market.