Examlex

Solved

In Goal-Setting Theory, Which of the Following Terms Refers to the Need

question 74

Multiple Choice

In goal-setting theory, which of the following terms refers to the need to make goals highly ambitious but achievable?


Definitions:

Income Elasticity

A measure of how much the demand for a good will change in response to a change in consumers' income.

Negative

In general terms, something that represents a deficit, lack, or detrimental aspect, often used in contexts like finance, emotions, or charges.

Inferior Good

A good for which demand decreases as consumer income rises, unlike normal goods, for which demand increases as consumer income rises.

Cross Elasticity of Demand

A measure of how the quantity demanded of one good responds to a change in the price of another good.

Related Questions