Instead of Constantly Adding New Functions and More Employees, Many

question 34

Multiple Choice

Instead of constantly adding new functions and more employees, many organizations are placing significant emphasis on their ______.

• A) culture
• B) core competencies
• C) informal control
• D) community

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Definitions:

Tariff

A tax imposed by a government on goods and services imported from other countries, affecting trade.

Voluntary Quota

A self-imposed limit on the quantity of goods a country exports or imports.

Elasticity of Supply

A measure of how much the quantity supplied of a good changes in response to a change in the price of that good.

Price Elasticity

The degree to which the demand for a good is responsive to changes in its price.