Which of the Following Is a Correct Statement

question 71

Multiple Choice

Which of the following is a correct statement?

• A) Rent control and the minimum wage are both illustrations of price floors.
• B) Rent control is an illustration of a price floor and the minimum wage is an illustration of a price ceiling.
• C) Rent control and the minimum wage are neither illustrations of price floors nor price ceilings.
• D) Rent control is an illustration of a price ceiling and the minimum wage is an illustration of a price floor.
• E) Rent control and the minimum wage are both illustrations of price ceilings.

---

Definitions:

Evaluation Systems

Structured processes used to assess performance, effectiveness, or value of employees, projects, or programs within an organization.

Social Exchange

A theory that suggests human relationships are formed based on a subjective cost-benefit analysis and the comparison of alternatives.

McGregor's Theory Y

A theory of management that assumes employees are self-motivated, seek responsibility, and are creative problem solvers.

Lower-Order Needs

Basic human requirements such as physiological and safety needs that must be satisfied before higher-order needs can be addressed, according to Maslow's hierarchy.