With Regard to the Motivation of Those Under Them,managers

question 34

Multiple Choice

With regard to the motivation of those under them,managers:

• A)Can predict accurately what will appeal to their employees.
• B)Mangers most frequently rank job security as being most important to employees.
• C)Often don't know what is the most important to their employees.
• D)Managers rank promotion as the number factor motivating their employees.
• E)None of these.

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Definitions:

Price Elasticity

An indicator of the variation in the amount of a product desired by consumers as its cost fluctuates.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.

Complementary Goods

Products or services that are typically consumed together, where the demand for one increases the demand for the other.

Inelastic

Describing demand that changes little with price fluctuations; consumers’ buying habits are not significantly affected by price changes.