Demand Tends to Be _______ in the Short Run Than

question 97

Multiple Choice

Demand tends to be _______ in the short run than in the long run.

• A)more elastic
• B)more inelastic
• C)more volatile
• D)less important

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Definitions:

Goal Congruence

Goal congruence refers to the alignment of objectives among different members or parts of an organization, ensuring that all efforts contribute towards the overarching goals.

Gainsharing

A performance-based compensation strategy where employees receive benefits from cost-saving measures or productivity increases.

Cash Bonuses

Additional compensation awarded to employees as a one-time payment for achieving specific performance targets or for special recognition.

Performance Target

A specific goal set for a business, department, team, or individual to achieve within a particular time frame, aimed at improving performance.