When You Encounter an Organization Where Employees Are Quite Intense,focused,and

question 6

Multiple Choice

When you encounter an organization where employees are quite intense,focused,and determined to win,you have encountered an organization with a(n) ___ culture.

• A) fragmented
• B) networked
• C) informal
• D) mercenary
• E) communal

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Definitions:

Substitution Effect

The change in consumption patterns due to a change in relative prices, leading consumers to substitute one product for another.

Demand Curve

A curve showing the relation between the price of a good and the quantity consumers are willing and able to buy per period, other things constant.

Market Demand Curve

A graphical representation that depicts the total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.

Law of Demand

The economic principle stating that as the price of a good decreases, consumer demand for that good will increase, and vice versa, holding everything else constant.