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:

Recognition

The ability to identify previously encountered events, objects, or people.

Memory Revision

The process of altering or modifying memories, often involving the integration of new information or reinterpretation of existing memories.

Loftus

Refers to Elizabeth Loftus, a prominent psychologist known for her research on human memory, particularly on the malleability of eyewitness memory.

Nondeclarative Memories

Memories that are acquired and retrieved unconsciously, including procedural memories such as how to ride a bicycle.