A characteristic of the manager that may affect managerial discretion is his/her tolerance for ambiguity.
Tolerance for ambiguity can be defined as the degree to which an individual is comfortable with different adverse situations such as the uncertainty, unpredictability, conflicting directions, and multiple demands.
Tolerance for ambiguity is also a manifest in a person's ability to operate effectively in an uncertain environment by facing every problem in the way of effective management.
Tolerance for ambiguity is the ability to deal with ambiguous situations in a sensible and calm way. Manager must not get hyper in the uncertain situations.
It’s context dependent situation. It that the means same situation may be ambiguous in one setting and not in another.
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Answer: C. does not hold, since the product sold is required for survival, so increasing the price did not affect consumption
Explanation:
The law of demand simply stated that when the price of a particular good increases, people will buy less of that product and when there is reduction in the price of the good, consumers will buy more of that particular product.
In the scenario in the question, the law of demand doesn't hold because despite the rise in price, the quantity demanded doesn't change.
Therefore, the correct option is C.
Answer:
premium
Explanation:
Premium is the term given to the regular and periodic payments that the insured makes to the insurance companies. Premiums are the payments for the insurance coverage.
Insurance coverage is a contract between the insurance company and the customer. As per the contract agreement, the company provides insurance coverage, and the customer pays premiums. In other words, Premium is the consideration for the insurance coverage.
The reason they offer these is to help a slow selling model or brand of vehicle basically saying they do this to try to boost the hype for the vehicle and hopefully the incentives will make the model sell faster.
Hope this helped!
