Isra and Karima Are Faculty Members at a Local College

question 19

Multiple Choice

Isra and Karima are faculty members at a local college who feel very differently about their academic dean. Isra believes that he is always engaging in political activity that is not in the best interests of the college. She describes him as a man who transfers blame and who is scheming and arrogant. Karima believes that the dean is an effective manager.
-Behaviors that Isra views as "arrogant" are probably viewed by Karima as _______.

• A) responsible
• B) astute
• C) practical-minded
• D) confident
• E) competent

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Definitions:

Quantity Supplied

The level of a good or service that sellers are eager and able to provide for purchase at a set price over a given period.

Perfectly Price Inelastic

A market situation where the quantity demanded of a good does not change in response to changes in its price.

Total Income

The sum of all earnings obtained from work, investments, and other sources before any taxes or deductions.

Perfectly Price Elastic

Describes a situation where the quantity demanded or supplied changes infinitely in response to any change in price.