If the Elasticity of Demand for Bagels Is Equal to 1

question 96

Multiple Choice

If the elasticity of demand for bagels is equal to 1, moving along the demand curve for bagels, an increase in price will:

• A)​not affect the quantity purchased.
• B)​decrease the quantity demanded and increase total revenue.
• C)​decrease the quantity demanded and decrease total revenue.
• D)​decrease the quantity demanded and leave total revenue unchanged.

Distinguish between people-oriented and task-oriented leadership styles.

Identify the behavioral perspective of leadership and its two dimensions.

Understand the role of leadership substitutes in the leadership process.

Grasp the concept of transactional and transformational leadership and their characteristics.

---

Definitions:

Seniority Policies

Guidelines within a company or organization that determine the rights and privileges of employees based on the length of their service.

Collective Bargaining

A process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.

Open-ended

A term or condition that lacks a definite endpoint or conclusion, allowing for flexibility and adaptation over time.

Grievances

Formal complaints made by employees or unions regarding violations of contracts or unfair treatment in the workplace.