You Are a Little Confused About How to Address Your

question 35

Multiple Choice

You are a little confused about how to address your new boss. Even though you are told that your new supervisor's name is Charlie Rose, you have noticed that everyone at work calls him "Boss." You, too, decide to start calling your supervisor "Boss." This decision is a product of __________.

• A) compliance with authority.
• B) normative social influence
• C) informational social influence
• D) private acceptance

---

Definitions:

Normal Good

A good for which demand increases as the income of consumers increases and decreases as the income of consumers decreases.

Price Elastic

Pertains to a measurement in economics of how responsive an economic variable's quantity is to a change in its price.

Total Budget

The complete amount of money allocated for a particular purpose, project, organization, or time period.

Cross Elasticity

Cross elasticity measures the responsiveness of the demand for one good to a change in the price of another good, indicating their substitutability or complementarity to consumers.