Which One of the Following Statements About the Budget Line

question 120

Multiple Choice

Which one of the following statements about the budget line is false? The budget line

• A)separates affordable consumption points from unaffordable consumption points.
• B)is based on fixed prices.
• C)is based on fixed income.
• D)is based on fixed quantities.
• E)constrains consumer choices.

Understand the concept of need as it relates to work motivation and behavior.

Discuss the practical application of motivational theories in leadership and management.

Understand and differentiate between the various theories of motivation (Maslow's hierarchy of needs, ERG theory, Two-Factor theory, etc.).

Identify the factors that influence job satisfaction and motivation according to Herzberg’s two-factor theory.

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Definitions:

Competition

The rivalry among businesses to attract customers, which can lead to improvements in products, services, and prices.

Efficiency

The optimal allocation of resources to maximize the production of goods and services.

Quota

A government-imposed trade restriction that limits the quantity or monetary value of goods that can be imported or exported during a specific time period.

Imports

Commodities or offerings sourced from outside the country and brought in for commercial sale or personal use.