What Practice Should an Organization Consider If They Wish to Attract

question 26

Multiple Choice

What practice should an organization consider if they wish to attract, keep, and engage employees?

• A) hold annual communication meetings with staff
• B) allow employees to perform at their best
• C) micromanage employees to ensure compliance to company standards
• D) develop a top-heavy management structure

---

Definitions:

Price Floor

A government-imposed minimum price that can be charged for a good or service, designed to protect producers by ensuring that market prices do not fall below a certain level.

Surplus

The situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price.

Shortage

A situation where the demand for a product exceeds its supply at a specific price.

Quota Rent

The economic rent a producer earns from the difference between the market price of a good and its supply price due to a quota limit.