Which of the following is true of the management function of directing/leading? Group of answer choices
a. All managers are involved in directing/leading, but it is most important for top- level managers.
b. Directing/leading designs the map that lays the groundwork for the other managerial functions.
c. Good directing/leading does not require the implementations of deadlines.
d. Directing/leading involves determining and administering appropriate rewards and recognition
e. Telling employees what to do and when to do it is against the principles of directing/leading.
Answer: d. Directing/leading involves determining and administering appropriate rewards and recognition
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When negative externalities exist, the competitive market supply curve does not include all of the costs borne by members of society
Indicate whether the statement is true or false
For products like parking lots and hotels, the relevant costs and benefits to determine how much capacity to build are
a. LRMR and LRMC b. LRMR and SRMC c. SRMR and SRMC d. SRMR and LRMC