The More Difficult It Is to Enter the Task Environment

question 61

Multiple Choice

The more difficult it is to enter the task environment, the

• A)easier it is to keep prices high.
• B)lower is the barrier to entry.
• C)harder it is to obtain customers.
• D)more competitors an organization faces.
• E)less expensive it is to enter the industry.

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Definitions:

Social Security

A government program designed to provide financial assistance to the elderly, disabled, and survivors through retirement benefits, disability insurance, and survivors' benefits.

Original Legislation

Laws or legal acts that are introduced for the first time by a legislative body.

John Maynard Keynes

A British economist whose theories on government intervention in economies (Keynesian economics) have had a profound influence on modern economic and political theory.

British Economist

Refers to an economist from Britain, often notable for contributions to economic theory or policy.