Which of the Following Is a Principle You Should Follow

question 6

Multiple Choice

Which of the following is a principle you should follow when you resign from an organization?

• A)Describe how your former job did not match your competency levels.
• B)Elaborately and enthusiastically explain the new position to your former employers.
• C)Show graciousness and appreciation for the professional opportunities that were given to you.
• D)Use your new job offer to bargain for a better compensation package from your former employer.
• E)Express your negative experiences with your supervisor and colleagues.

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Definitions:

Production Possibilities

A graph or curve depicting the maximum output combinations of two goods that can be produced with available resources and technology.

Circular-Flow Diagram

A diagram that represents the transactions in an economy by two kinds of flows around a circle: flows of physical things such as goods or labor in one direction and flows of money to pay for these physical things in the opposite direction.

Output

In economics, output refers to the total amount of goods or services produced by a firm or country.

Factor of Production

An input used in the production of goods and services, such as land, labor, capital, and entrepreneurship.