When an Employee Is Moved to Another Position in the Same

question 56

Multiple Choice

When an employee is moved to another position in the same class,or to a different class with substantially the same duties and salary this is called a:

• A)lateral transfer
• B)horizontal transfer
• C)vertical transfer
• D)departmental transfer
• E)job progression transfer

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Definitions:

Average Revenue

The amount of revenue generated per unit of a product sold, calculated by dividing total revenue by the number of units sold.

Total Revenue Curve

A graphical representation showing how total income from sales changes at different levels of output in a company's operations.

Pure Monopolist's Demand Curve

Illustrates the relationship between price and quantity demanded for a monopolist, who is the sole provider of a product or service, typically showing a downward slope.

Elasticity Coefficient

A measure that quantifies how responsive the quantity demanded or supplied is to changes in price or other economic factors.