Other Things the Same,when the Price Level Rises More Than

question 78

Multiple Choice

Other things the same,when the price level rises more than expected,some firms will have

• A)higher than desired prices,which increases their sales.
• B)higher than desired prices,which depresses their sales.
• C)lower than desired prices,which increases their sales.
• D)lower than desired prices,which depresses their sales.

Analyze the difference between personal power and institutional power in managerial context.

Assess the impact of critical factors and strategic contingencies on organizational effectiveness.

Understand the conditions that increase or reduce a subunit's power within an organization.

Identify the attributes of effective managers according to David McClelland's theory.

---

Definitions:

Productivity Increase

An improvement in the efficiency of producing goods or services, measured by the output per unit of input.

Management

The process of planning, organizing, directing, and controlling resources to achieve organizational goals.

Capital

Financial assets or the financial value of assets, such as cash or goods, used in a business by a person, company, or organization to generate wealth through investment or production.

Technology

The application of scientific knowledge for practical purposes, especially in industry and the development of devices, processes, or systems.