Flexibility Should Be Valued by Taking into Account Uncertainty in Demand

question 61

Multiple Choice

Flexibility should be valued by taking into account uncertainty in demand and economic factors.In general,flexibility will tend to

• A)decrease in value with a decrease in certainty.
• B)increase in value with an increase in uncertainty.
• C)decrease in value with an increase in uncertainty.
• D)increase in value with an increase in certainty.

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Definitions:

Niche Seeking

The process of finding a specialized segment of a market or an area well-suited for a person's talents or interests.

Person-In-Context

A perspective emphasizing the consideration of an individual's background, environment, and external influences when assessing their behaviors or choices.

Vocational Expectations

Individual beliefs and aspirations regarding their career paths, including the type of work they hope to engage in and the level of achievement they aim to attain.

Career Choice

The process of deciding on a particular occupation or profession based on one's interests, values, and abilities.