If an Increase in Income Leads to an Increase in the Demand

question 72

Multiple Choice

If an increase in income leads to an increase in the demand for sushi,then sushi is

• A)a normal good.
• B)a neutral good.
• C)a complement.
• D)a necessity.

Recognize the importance of ethics, integrity, and ethical leadership in organizations.

Understand the concept of the glass-ceiling effect and its implications on career advancement for women and minorities.

Define and explain the relevance of an open system in organizational operations.

Grasp new organizational trends, including the transition towards a free-agent economy and the significance of performance effectiveness and efficiency.

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Definitions:

Participative Leadership

A leadership style where the leader involves team members in the decision-making process, promoting collaboration and democratic engagement.

Traditional Leadership

Involves leadership styles and practices based on historical or conventional methods, often contrasting with modern or innovative approaches.

Societal Cultural Values

Shared beliefs and norms within a society that influence patterns of behavior and interactions among its members.

Organizational Culture

The collective values, beliefs, and principles of organizational members which shapes the behaviors, practices, and norms within an organization.