When Certain Consumer Products Are in High Demand, Producers Might

question 9

Multiple Choice

When certain consumer products are in high demand, producers might buy extra materials and equipment and when demand subsides, producers will cut back on their material purchases. This describes a(n) demand.

• A) joint
• B) inelastic
• C) consumer
• D) fluctuating
• E) derived

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Definitions:

Organizational Development

A field of research, theory, and practice dedicated to expanding the knowledge and effectiveness of people to accomplish more successful organizational change and performance.

Informal Organization

The unofficial and less visible part of the system.

Organization

An entity comprising multiple people, such as an institution or an association, that has a particular purpose.

Formal Organization

The official, legitimate, and most visible part of the system.