Evan Is Putting Together a Proposal on the Budget and Strategic

question 82

Multiple Choice

Evan is putting together a proposal on the budget and strategic plan that describes how the human resources department will contribute to the profitability of the organization.Evan is using _______ skills to complete this task.

• A)technical
• B)human relations
• C)conceptual and design
• D)business
• E)documentation

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Definitions:

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded by consumers.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price, with higher elasticity indicating greater sensitivity.

Elastic

Describes demand that is highly responsive to changes in price, where a small price change leads to a large change in quantity demanded.

Inelastic

Describes a scenario where the demand or supply of a good or service is not significantly changed when the price of that good or service changes.