What Terms Refers to the Process of Taking Advantage of Different

question 49

Multiple Choice

What terms refers to the process of taking advantage of different prices for a good in different markets?

• A)arbitrage
• B)absolute advantage
• C)capitalism
• D)the law of one price

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Definitions:

Normative Commitment

An employee's psychological attachment to an organization, stemming from a sense of obligation.

Organizational Commitment

The psychological attachment and loyalty an employee has towards their organization, often reflected in their willingness to remain a part of it.

Forms of Commitment

Refers to the different ways individuals can be attached to an organization, including emotional attachment (affective commitment), obligation (normative commitment), and cost-based attachment (continuance commitment).

Normative Commitment

A feeling of obligation to remain with an organization because of moral or ethical beliefs.