By and Large,the Price of Each Item on a Restaurant

question 2

Multiple Choice

By and large,the price of each item on a restaurant menu is:

• A)an accurate reflection of the item's marginal cost.
• B)based strictly on consumer demand.
• C)a function of cost and the price elasticity of demand for the item.
• D)a fixed multiple of the item's total cost.

---

Definitions:

Job Enrichment

Job enrichment builds high-content jobs that involve planning and evaluating duties normally done by supervisors.

Task Significance

The degree to which a job has a substantial impact on the lives of other people or is perceived as important.

Job Characteristics Model

A theory that suggests job satisfaction is influenced by job characteristics such as skill variety, task identity, task significance, autonomy, and feedback.

Job Enrichment

The process of making a job more satisfying and engaging by adding more meaningful tasks and giving employees more control over their work.