According to Real Business Proponents, in an Increase in Productivity

question 275

Multiple Choice

According to real business proponents, in an increase in productivity the demand for loanable funds,_________ the demand for labor, and _________the supply of labor. The real interest rate will _________.

• A) increases; increases; increases; rise
• B) decreases; decreases; decreases; fall
• C) increases; increases; there is no change in; fall
• D) increases; increases; there is no change in; rise

Understand the dynamic nature of power in organizations.

Differentiate between personal and positional power in the workplace.

Understand the impact of politeness and assertiveness in influence attempts.

Discuss the trends in the use of power, including the decline of coercive tactics.

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Definitions:

Production Function

A mathematical model that describes the relationship between inputs used in production and the resultant output.

Maximum Output

The highest amount of production that a company can achieve within a given period with the available resources.

Inputs

The resources, materials, and labor that are used in the production process to create goods and services.

Technology

The application of scientific knowledge for practical purposes, especially in industry and commerce.