In Order for an Organization to Achieve Its Goals, Managers

question 48

Multiple Choice

In order for an organization to achieve its goals, managers and work groups need to strive to ensure that a group's ________ performance comes as close as possible to its ________ performance.

• A) actual; targeted
• B) actual; potential
• C) potential; latent
• D) actual; forecasted

---

Definitions:

Supply

The aggregate supply of a service or good ready for consumer purchase.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at various prices.

Supply Curve

A graph showing the relationship between the quantity of a good that producers are willing to sell and the price of the good.

Y Axis

The vertical axis in a graph or chart, typically used to represent the range of a second variable in comparison to the first variable on the X axis.