Table 1 -1

question 23

Multiple Choice

Table 1 -1. Supply and Demand for Personal Computers

-Refer to Table 1 -1. At a market price of $1,800, there will be

• A) a surplus or a shortage of 2,000 computers.
• B) neither a surplus nor a shortage of computers as the market is in equilibrium at this price.
• C) a shortage of 2,000 computers.
• D) a surplus of 2,000 computers.

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Definitions:

Build Commitment

The process of fostering dedication and loyalty toward a group, project, or organization, ensuring stakeholders are aligned and motivated towards common goals.

Organizational Change

The process by which organizations transform their structure, strategies, policies, processes, or culture to adapt and grow.

Organizational Systems

A framework of social arrangements to meet business or organizational goals, which includes rules, roles, and responsibilities.

Rewards

Benefits or compensation given to employees as recognition for their contributions or achievements.