Which of the Following Scenarios Is a Good Example of the Proper

question 60

Multiple Choice

Which of the following scenarios is a good example of the proper implementation of a manager's open-door policy?

• A) A manager keeps the door closed to maintain efficiency but makes the rounds with employees regularly to ask if there are any problems.
• B) A manager keeps the door open for any concerns but closes it when an employee comes in to maintain privacy.
• C) A manager keeps the door open even when a person comes in to discuss a concern to make sure there is nothing hidden within a department.
• D) A manager keeps the door closed but encourages employees to be open and honest with each other.

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Definitions:

Demand and Supply Curves

Graphs used in economics to illustrate the relationship between how much of a good or service is desired by buyers (demand) and how much is available from suppliers (supply) at various prices.

Product Market

A market in which products are sold by firms and bought by households.

Equilibrium

A state in which market supply and demand balance each other, and, as a result, prices become stable.

Supply Curves

Graphical representations showing the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing to offer for sale.