For Normal Goods Which of the Following Explains Why Demand

question 303

Multiple Choice

For normal goods which of the following explains why demand curves slope downward?

• A) prices and income
• B) substitutes and complements
• C) resources and technology
• D) substitution effect and income effect

Recognize the significance of span of control and its impact on organizational structure.

Identify the effects of formalization and decentralization in organizational structures.

Distinguish between various forms of departmentalization and their suitability to organizational goals.

Understand how organizational size, age, and environment influence structure and management style.

---

Definitions:

Inhibitions

Psychological mechanisms that hold back or restrain one's behaviors, emotions, or thoughts, often unconsciously.

Hypnosis

A state of consciousness involving focused attention and reduced peripheral awareness, characterized by an enhanced capacity for response to suggestion.

Hallucinations

Perceptions in the absence of external stimulus that have qualities of real perception; these can be visual, auditory, or sensory in nature.

Dream Coherence

The degree to which a dream makes sense or is logically structured, varying greatly among different dreams and individuals.