A Person Goes into a Store and Buys a Computer

question 95

Multiple Choice

A person goes into a store and buys a computer for $1,210.In this case,price is acting as a

• A) resource.
• B) good.
• C) rationing device.
• D) capital instrument.
• E) factor of production.

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Definitions:

Interviews

A process in which an interviewer asks questions to a candidate to assess their suitability for a job, scholarship, or other opportunities.

Power Distance

A cultural dimension that reflects the degree to which individuals in a society accept and expect power to be distributed unequally.

Seniority

The concept of preferring individuals for certain privileges, positions, or responsibilities based on their length of service or experience in a particular organization or profession.

Collectivism

A cultural or social perspective that emphasizes the priority of group needs over individual desires.