Author Question: According to the text, the essence of good management is: A) to determine when a free lunch is ... (Read 30 times)

Kikoku · **on:** Jun 30, 2018

According to the text, the essence of good management is:
A) to determine when a free lunch is actually free.
B) to be sure there are not too many chefs stirring the broth.
C) to ensure that the reputation of the firm remains high.
D) to ensure that the stock price remains high.
E) to determine whether the implementation of a practice increases the value that a firm adds.

Question 2

Oligopolists may charge a price lower than the profit maximizing price to discourage new firms from entering a market.
a. True
b. False
Indicate whether the statement is true or false