Joshua and Jordyn's Organizations Recently Merged

question 59

Multiple Choice

Joshua and Jordyn's organizations recently merged.While both Joshua and Jordyn have their own ideas about solving problems related to the merger,they agree that they want the merger to be successful and are willing to work together to make it happen.It appears Joshua and Jordyn will be using a(n) ________ conflict management style.

• A)avoiding
• B)accommodating
• C)forcing
• D)collaborating

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Definitions:

Economic Profits

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, representing the excess return over the firm's opportunity costs.

Purely Competitive Firm

A business that operates in a market with many buyers and sellers, where each has a negligible impact on price and product homogeneity prevails.

Unimpeded Entry

A situation in a market where there are no obstacles preventing new competitors from entering and competing.

MR = MC Rule

A principle in economics stating that profit maximization occurs when marginal revenue equals marginal cost.