Which One of the Following Does Not Occur in the Long

question 83

Multiple Choice

Which one of the following does not occur in the long run when firms in a market make an economic profit?

• A)Firms enter the market.
• B)The market supply curve shifts rightward.
• C)Each firm increases production.
• D)Economic profit of each firm decreases.
• E)Market price falls.

Understand the components and significance of organizational culture.

Recognize the impact of organizational culture on ethical behavior and diversity management.

Identify the characteristics of different types of organizational cultures (entrepreneurial, clan, bureaucratic, market).

Understand the relationship between organizational culture and organizational performance.

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Definitions:

Psychoanalysis

A therapeutic technique and theory of psychological disorders, emphasizing unconscious conflicts and childhood experiences.

Cognitive Therapies

Psychological treatments that focus on changing faulty or irrational thinking patterns, beliefs, and attitudes.

Systematic Desensitization

A therapeutic method used to cure phobias and other behavior problems involving anxiety, by gradual exposure to the feared object or situation in a controlled environment.

Token Economy

An operant conditioning procedure in which people earn a token for exhibiting a desired behavior and can later exchange the tokens for privileges or treats.