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Dress codes are a contentious subject in workplaces, with Gen Y workers favoring a more casual style than older workers, who are often uncomfortable with the idea of wearing casual clothes to work. Human resources departments often find it difficult to enforce company dress codes appropriately. Managers find that one of the ways to address this situation is using the contingency approach. Which of the following is the best example of the contingency approach to management?
Demand Curve
A graph showing the relationship between the price of a good and the quantity demanded, typically downward-sloping due to the law of demand.
Surplus
The excess of supply over demand in a market, typically resulting in downward pressure on prices.
Nursing Wage Rate
The average hourly or annual pay that nurses receive, which can vary based on factors like geographic location, experience, and specialty.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price.
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