FIGURE 14- 2

question 83

Multiple Choice

FIGURE 14- 2
-If there is only a single buyer in the labour market,that buyer is called

• A)an oligopsonist.
• B)a single- product firm.
• C)a monopsonist.
• D)a monopolist.
• E)an oligopolist.

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Definitions:

Force Field Analysis

A decision-making tool used to analyze the forces for and against a change, helping to identify the factors that must be addressed to achieve successful change.

Restraining Forces

Factors that counteract changes and impede progress in an organization or system.

Mechanistic Model

A formalized structure based on centralization and departmentalization.

Participative Decision-Making

A decision-making process in which all members of a group contribute to and influence the outcome of a decision.