A President of a Large Corporation Sends Out a Memo

question 100

Multiple Choice

A president of a large corporation sends out a memo to initiate some corporate cultural change, but after six months is frustrated with the lack of results. Why might this be the case?

• A) because of a phenomenon known as the ticker-tape parade
• B) because of a phenomenon known as the fog index
• C) because of a phenomenon known as the paper shuffle
• D) because of a phenomenon known as the paperwork blizzard

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Definitions:

Opt Out

The act of choosing not to participate in an activity, service, or agreement, often referring to the decision by an individual or organization to not conform to a standard, policy, or regulation.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service and the actual amount they receive, due to higher market prices.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that sellers are willing to supply.

Demand Curve

A line on a graph that illustrates the quantity of a product that consumers are willing and able to purchase at various price points.