Examlex
Consider the following statements:
A.Car owners purchase more petrol from a petrol station that sells petrol at a lower price than other rival petrol stations in the area.
B.Banks do not take steps to increase security since they believe it is less costly to allow some bank robberies than to install expensive security monitoring equipment.
C.Firms produce more of a particular DVD when its selling price rises.
Which of the above statements demonstrates that economic agents respond to incentives?
Visual Kinesic Communication
Non-verbal communication expressed through body movements, facial expressions, gestures, and posture.
Vocal Kinesic Communication
A form of communication that involves body movements and vocalics such as tone, pitch, and volume.
Upward Communication
The flow of information from lower levels of a hierarchy to upper levels, typically involving feedback or reports.
Horizontal Communication
The exchange of information or collaboration across the same level of hierarchy within an organization or group.
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