Which of the Following Is an Example of a Goal

question 6

Multiple Choice

Which of the following is an example of a goal for change for an organization?

• A) Reacting to a forecast indicating new market potential
• B) Recognizing that poor employee morale was caused by dangerous working conditions
• C) Deciding to decrease employee turnover rates by 90 percent
• D) Introducing a new reward system for employees
• E) Arranging for training on interpersonal skills for managers

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Definitions:

Revenues

The total income produced by a company from its activities, before any expenses are subtracted.

Long-run Supply Curve

A graphical representation that shows the relationship between the price of a good and the quantity supplied over a period long enough for producers to adjust all of their inputs.

Short-run Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity supplied over a short period, holding some inputs fixed.

Elastic

Describes a situation where the quantity demanded or supplied of a good or service is sensitive to changes in price.