What Does POB Mean

question 209

Multiple Choice

What does POB mean?

• A)Positive oriented behaviour
• B)Psychological organizational behaviour
• C)Psychological oriented behaviour
• D)Positive organizational behaviour
• E)Psychological observation of behaviour

---

Definitions:

Additional Unit

An incremental quantity of a product or service, typically considered in the context of production or consumption.

Substitution Effect

The change in the quantity demanded of a good that results from a change in price, making the good more or less expensive relative to other goods.

Income Effect

The alteration in the consumption habits of a person or an economy due to a variation in actual income.

Inferior Good

A type of good for which demand decreases when income increases, and vice versa, unlike normal goods where demand increases with an increase in income.