Job Design Refers to How Employees Are Organized in Formal

question 54

True/False

Job design refers to how employees are organized in formal and informal units,such?as departments and teams,within an organization.

---

Definitions:

Normal Good

A good that has a positive income elasticity, so that as consumer income rises, demand for the good rises, too.

Market Supply

The total quantity of a good or service that sellers are willing and able to sell at a given price over a specific period.

Elasticity

Elasticity refers to the measure of how much the quantity demanded or supplied of a good changes in response to a change in price.

Normal Good

A good for which demand increases as the income of consumers increases and decreases as the income of consumers decreases.