Use the Table Below to Answer the Following Questions

question 20

Multiple Choice

Use the table below to answer the following questions.
Table 3.5.3
Demand and supply schedules for designer sport t-shirts at CoolU

-Refer to Table 3.5.3.A new store opens up on the edge of campus,Great Wild North Sportswear,which has the capacity to do as much business as all the existing businesses.The quantity of t-shirts supplied doubles at each price.In addition,in a television interview,Joe Cool shows off his designer sport t-shirt,setting off a new craze that doubles business at the local sportswear establishments.The quantity of t-shirts demanded doubles at each price.The new equilibrium price is $________ and the new equilibrium quantity is ________ t-shirts per month.

• A)8;400
• B)8;200
• C)3;400
• D)12;240
• E)16;400

Analyze the role and function of group norms within social and organizational settings.

Understand the factors that can increase or decrease group conformity.

Comprehend the methodology and findings of seminal conformity studies including Asch's line study and Sherif's autokinetic effect study.

Identify the types of social influence demonstrated in classic conformity studies.

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Definitions:

Performance Effectiveness

The level of success in accomplishing goals and resolving identified issues.

Acronym BARS

stands for Behaviorally Anchored Rating Scales, a performance appraisal method linking performance ratings to specific behavioral examples within job-relevant categories.

Performance Appraisal

A systematic evaluation process by which an employee's job performance is assessed by their supervisor or manager.

Evaluator's Observation

The process by which an evaluator consciously watches, records, and assesses someone's performance, skills, behaviors, or outcomes.