When an Employee Chooses to Communicate a Concern to Management

question 55

Multiple Choice

When an employee chooses to communicate a concern to management without necessarily leaving the company,he or she is following the ________ mechanism.

• A)checkoff
• B)closed shop
• C)withdrawal
• D)exit
• E)voice

Understand the psychological and social needs fulfilled by meetings.

Recognize the importance of circulating a specific agenda beforehand.

Know the role of minutes and proper documentation in disseminating meeting information.

Understand the proper use of prepositions in various contexts.

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Definitions:

Consumer Surplus

is the difference between the total amount that consumers are willing to pay for a good or service and the total amount that they actually pay.

Market Price

The immediate rate at which an asset or service can be traded in a specific trading place.

Producer Surplus

The gap between what sellers are prepared to accept for a product or service and the real amount they end up getting.

Excess Quantity

The situation where the supply of a product exceeds the demand for it at a specific price point, leading to a surplus.