Frank Has Discovered That His Employer Is Part of a Group

question 51

Multiple Choice

Frank has discovered that his employer is part of a group of banks that is manipulating interest rates. He would like to stop this practice at his employer but is not sure how best to talk to his boss. He has heard of the GVV (Giving Voice to Values) approach and thinks he may be able to use it successfully because his company has recently implemented new initiatives to empower employees to speak of improvements to business practices. The first step of the GVV approach includes

• A) identifying the stakeholders, what is at stake for them, and how to connect with them.
• B) identifying the values underpinning the different positions in the conflict and the possibilities for action.
• C) considering Frank's personal and professional purpose and choices in this situation.
• D) development and practice of a powerful response that Frank can use with his boss.

---

Definitions:

Very Inelastic

Describes a situation where the demand or supply for a good or service is minimally responsive to changes in price.

Very Elastic

Refers to a situation in which the demand or supply for a product changes significantly in response to price changes, indicating high sensitivity.

Elastic Demand Curve

A demand curve characterized by a high sensitivity of quantity demanded to changes in price, indicating that a small price change results in a large change in quantity demanded.

Heating Oil

A low viscosity, liquid petroleum product used as a fuel for furnaces or boilers in buildings.