One Determinant of the Derived Demand for a Resource Is

question 207

Multiple Choice

One determinant of the derived demand for a resource is the

• A)price of the product made using the resource
• B)extra cost of the resource
• C)marginal resource cost of the resource
• D)availability of the resource in the marketplace
• E)quantity of the resource demanded

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Definitions:

Hawthorne Studies

A series of investigations conducted in the 1920s and 1930s that highlighted the importance of social relations and employee attitudes in the workplace.

Western Electric Company

A historical telecommunications company that played a pivotal role in the development and manufacture of telephone and electrical equipment, notably conducting the Hawthorne Studies which had a foundational impact on organizational behavior studies.

Lucent Technologies

was a multinational telecommunications equipment company, known for its innovations in optical, data, and voice networking technology, before merging with Alcatel in 2006.

Managerial Ethics

Refers to the moral principles and standards that guide the behavior of individuals in managerial positions, influencing their decision-making and leadership practices.