The Assumption That "Other Things Are Constant" Is Also Known

question 185

Multiple Choice

The assumption that "other things are constant" is also known as the

• A) ceteris paribus assumption.
• B) rational self-interest assumption.
• C) distinguishing characteristic of economics as a science.
• D) relationships assumption.

Recognize the importance of effectively responding to and mediating conflicts as a supervisor.

Understand the concept of compromise and its role in conflict resolution.

Distinguish between different conflict management strategies and their appropriateness in various situations.

Identify the external factors causing organizational change.

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Definitions:

Franklin Delano Roosevelt

The 32nd President of the United States, serving from 1933 to 1945, known for his leadership during the Great Depression and World War II, as well as for implementing the New Deal.

Unemployed

The state of not having a job despite being able and willing to work, often used to measure the health of an economy.

Impersonal Forces

Broad and abstract societal, economic, or environmental factors that influence individual and collective behavior or events, often beyond personal control or influence.

Franklin D. Roosevelt's Brain Trust

A group of close advisors to President Franklin D. Roosevelt during his presidency, who helped develop the policies that became part of the New Deal.