When Managers Apply Punishment or the Threat of Punishment to Those

question 91

Multiple Choice

When managers apply punishment or the threat of punishment to those who resist change, it is called

• A) Negotiation.
• B) Coercion.
• C) Manipulation.
• D) Cooptation.
• E) Force.

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Definitions:

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, representing excess revenue over the opportunity cost of resources employed.

Competitive Equilibrium

A state in a market where supply equals demand, leading to an optimal distribution of goods and services among participants.

Constant-cost Industries

Industries where the costs of production do not change significantly with an increase or decrease in the quantity produced.

Economic Efficiency

A condition where resources are allocated in a way that maximizes the production of goods and services, and minimizes waste and inefficiency.