Other Things Constant, an Increase in the Demand for Motorcycles

question 329

Multiple Choice

Other things constant, an increase in the demand for motorcycles will

• A) decrease the price of motorcycles.
• B) decrease the quantity of motorcycles bought and sold.
• C) decrease the demand for motorcycle workers and lower their wages.
• D) increase the demand for motorcycle workers and increase their wages.

Understand the reasoning behind the prevalent use of traditional and passive instructional techniques for management development.

Grasp the starting points and critical competencies for HR planning in succession management.

Know significant outcomes of effective succession management and its role in talent management.

Identify critical roles within organizations that benefit from succession management.

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Definitions:

Factor

A finance company to which businesses sell their accounts receivable—usually for a percentage of the total face value.

Prime Rate

The interest rate that commercial banks charge their best customers (usually large corporations) for short-term loans.