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Riya Has Recently Been Denied a Promotion

question 27

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Riya has recently been denied a promotion.This is the third time she has been turned down for promotion despite excellent performance reviews.Her manager assures her that she was qualified for the promotion but that "that's just the way things go." After this last disappointment,Riya took a good hard look at her company.She found that only two women or minority candidates have been promoted to upper management positions.Riya appears to have


Definitions:

Scarce

A characteristic of resources that are limited in availability, which can lead to competition for their use.

Freely Available

Resources, information, or products that can be accessed or obtained without any payment or restrictions.

Economic Choice

Economic choice involves making decisions on the allocation of scarce resources among competing needs or desires to maximize benefits and utility.

Competitive Behavior

Actions taken by companies aimed at gaining an advantage over their rivals in the market, often through price adjustments, product innovations, and marketing strategies.

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