Good X and Good Y Are Related Goods

question 36

Multiple Choice

Good X and Good Y are related goods. When the price of Good X rises by 5 percent, the quantity demanded for Good Y rises by 15 percent. Calculate the cross-price elasticity.

• A) 3
• B) -3
• C) -0.3
• D) 0.3

Discuss the impact of job satisfaction, commitment, and citizenship behavior on organizational performance.

Understand various management strategies and their implications for reward systems.

Explain the role and importance of need salience and employee attitudes towards motivation and performance.

Discuss organizational strategies for improving job satisfaction and motivation.

---

Definitions:

Recommendation Letters

Written endorsements of an individual's character, abilities, and potential, usually for purposes of employment or admission.

Company's Policy

Guidelines and rules established by a company to govern its operations, employee behavior, and business dealings.

Legal Complications

Refers to potential legal challenges or issues that may arise during the course of a business operation, transaction, or in personal situations.

News Release

A written statement issued to the media to announce something of interest, such as a new product, event, or piece of information.