Scenario 7-1 Use the Information Below to Answer the Following Question(s)

question 112

Multiple Choice

Scenario 7-1
Use the information below to answer the following question(s) .
JoAnn considers cola and plain sparkling water to be good substitutes.Suppose the price of sugar,a key ingredient used to produce cola,falls.
-Refer to Scenario 7-1.According to the substitution effect,which of the following is most likely to occur?

• A)JoAnn will purchase less cola and more sparkling water.
• B)JoAnn will purchase more cola and less sparkling water.
• C)JoAnn will purchase more of all goods due to her higher real income.
• D)JoAnn's demand curve will decrease (shift in),causing her to purchase less cola.

Examine the effects of different conflict management styles on organizational harmony and performance.

Understand the importance of communication and negotiation skills for effective managerial success.

Analyze the role of third parties (e.g., ombudsman, arbitrators) in conflict resolution processes.

Recognize the characteristics and conduct of effective negotiation and its alternatives when integrative agreements are not feasible.

---

Definitions:

Group Norms

Established standards of behavior shared by members of a group, which guide and influence member actions.

Deviate

To depart from an established course or norms.

Sanctioned

refers to actions that have been officially approved or authorized.

Figurehead

A person who holds a titular position of importance but lacks real power or authority.