Consider the Following Statements

question 6

Multiple Choice

Consider the following statements:
a. Consumers buy more MP3 players from an electronics store that sells MP3 players at a lower price than other rival electronics stores in the area.
b. Schools take steps to increase security since they believe it is more costly to allow vandalism than to hire additional security guards.
c. Citrus growers produce more oranges when the selling price of oranges falls.
The statement above that demonstrates that economic agents respond to incentives is:

• A)a only
• B)b only
• C)a and b
• D)a, b, and c

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Definitions:

Management Training

Educational and development programs aimed at enhancing the skills, knowledge, and effectiveness of managers and potential managers.

Learning Climate

An environment within an organization that promotes, supports, and values continuous learning and development.

Developmental Readiness

The degree to which an individual or organization is prepared to undergo growth or change and successfully adopt new skills or behaviors.

Personal Vision

An individual's aspirations, goals, or desired future state, reflecting their values, interests, and purpose.