The Organizational Grapevine Is Useful Because It

question 102

Multiple Choice

The organizational grapevine is useful because it:

• A)is an effective way for management to inform employees about future organizational changes.
• B)provides detailed information that more formal communication channels tend to ignore.
• C)reduces information overload.
• D)fulfills employees' drive to bonD.
• E)is an effective way for management to communicate to employees and reduces information overload.

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Definitions:

Price Decline

A decrease in the cost of goods or services, often resulting from lower demand, increased supply, or external market factors.

Supply Curve

A curve that illustrates the supply for a product by showing how each possible price (on the vertical axis) is associated with a specific quantity supplied (on the horizontal axis).

Equilibrium Price

The price at which the quantity of a product offered is equal to the quantity of the product in demand.

Elasticity Coefficient

A measure that quantifies how a change in one economic variable, such as price, affects the quantity demanded or supplied of another variable.