Lsus mba 701 - Study guides, Class notes & Summaries

LSUS MBA 701 Exam 1 Test Questions And Correct Answers Manager - ANSWER : someone that directs resources to achieve a goal Directs the efforts of others, purchases inputs used in the production of the firms output, directs other decisions like the product price and quality and construct incentives to induce maximal effort from employees - ANSWER : what does a manager do? Economics - ANSWER : the science of making decisions in the presence of scarce resources Resources - ANS...

LSUS MBA 701 Exam 1 With 100% Correct Answers 2024

LSUS MBA 701 EXAM 1 TEST QUESTIONS AND ANSWERS 2024

manager - Answer-someone that directs resources to achieve a goal directs the efforts of others, purchases inputs used in the production of the firms output, directs other decisions like the product price and quality and construct incentives to induce maximal effort from employees - Answer-what does a manager do? economics - Answer-the science of making decisions in the presence of scarce resources resources - Answer-anything used to produce a good or service or achieve a goal scarci...

LSUS MBA 701 Exam 1 marginal benefit MB(Q) - correct answers the change in total benefits arising from a change in the managerial control variable, Q when using marginal analysis managerial cost MC(Q) - correct answers the change in total costs arising from a change in the managerial control variable, Q when using marginal analysis MNB(Q) = MB(Q) - MC(Q) - correct answers marginal net benefits MNB(Q) equation increase the managerial control variable up to the point where marginal benefi...

LSUS MBA 701 Exam 1 with solved questions manager ️️someone that directs resources to achieve a goaldirects the efforts of others, purchases inputs used in the production of the firms output, directs other decisions like the product price and quality and construct incentives to induce maximal effort from employees ️️what does a manager do?economics ️️the science of making decisions in the presence of scarce resourcesresources ️️anything used to produce a good or...