Which of the Following Is a Reason That the Study

question 23

Multiple Choice

Which of the following is a reason that the study of organizational behavior is useful?

• A) Human behavior is rarely predictable.
• B) Human behavior does not vary a great deal between individuals and situations.
• C) Human behavior is not random.
• D) Human behavior is often not sensible.
• E) Human behavior is not consistent.

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Definitions:

Relatively Price Inelastic

A situation where the demand for a product changes by a smaller percentage than changes in price, indicating that consumers are less responsive to price changes.

Price Elasticity

A metric for evaluating how variations in the price of a commodity impact its demand level.

Unity

The state of being united or joined as a whole, often used in various contexts to denote harmony and agreement among members of a group or between entities.

Coefficient of Price Elasticity

The coefficient of price elasticity measures how much the quantity demanded of a good or service changes in response to a change in its price, indicating its price sensitivity.