Before You Accept a Position in Any Setting, It Is

question 15

Multiple Choice

Before you accept a position in any setting, it is essential that you understand _____ because this influences the manner in which the agency functions.

• A) the philosophy of the agency
• B) the agency's policies about vacations and sick leave
• C) what is happening in other local social service organizations
• D) all of the internal politics of the agency

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Definitions:

Surplus

A situation where the quantity of a product supplied exceeds the quantity demanded, often resulting in a decrease in prices.

Shortage

A shortage occurs when the demand for a product exceeds the supply of that product at a specific price.

Price Floor

A government-imposed minimum price charged for a commodity, aimed at preventing prices from falling too low.

Surplus

In economic terms, it refers to the amount by which production, assets, or resources exceed the portion used, often leading to excess supply in markets.