A Maximum Price Legislated by the Government Is Called

question 119

Multiple Choice

A maximum price legislated by the government is called:

• A)a price support.
• B)a price floor.
• C)a price ceiling.
• D)the parity price.

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Definitions:

Different Needs

The varied and unique requirements or wishes of individuals or groups to achieve satisfaction or fulfillment.

Motivation

The internal drive that compels individuals to act towards achieving goals, influenced by both intrinsic factors (inner desire) and extrinsic factors (external rewards).

Organizational Behavior

A field of study focused on understanding, explaining, and improving attitudes of individuals and groups in organizations.

Motivation Process

The psychological mechanisms that drive individuals towards achieving goals, fulfilling needs, or changing behaviors.