When Conducting a Meeting

question 58

Multiple Choice

When conducting a meeting

• A) if some people dominate the conversation, let them do so, since they are probably the most knowledgeable attendees.
• B) if some people are too quiet, leave them alone; they probably have nothing to contribute.
• C) try to simply act as an observer, and let the meeting "run itself."
• D) do none of the above.

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Definitions:

Demand Curve

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

Marginal Value

Refers to the additional benefit derived from consuming or producing one more unit of a good or service.

Slopes Downward

Describes a line on a graph that represents a decrease in one variable as another variable increases, typically associated with demand curves.

Consumer Surplus

The difference in the total funds consumers are willing and able to disburse for a good or service compared to the actual expenditure.