Which of the Following Is an Example of an Organization

question 4

Multiple Choice

Which of the following is an example of an organization using marginal analysis?

• A) A hotel manager calculating the average cost per guest for the past year.
• B)  A farmer hoping for rain.
• C) A government official considering what effect an increase in military goods production will have on the production of consumer goods.
• D) A business calculating economic profits.

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Definitions:

Focus Groups

A research method involving guided discussions with a group of people to gather their opinions on a specific subject.

Normative Needs

Needs that are considered standard or expected within a given cultural or societal context.

Deprivation

The state of lacking or being denied important physical, social, or emotional resources, which can significantly impact well-being and development.

Resource

A reserve of money, materials, staff, and other assets that can be drawn on by a person or organization to function effectively.