What Is Meant by Task Significance

question 24

Multiple Choice

What is meant by task significance?

• A)The opportunity to use numerous different skills in one's position at work
• B)A worker's perception of the meaningfulness of a job
• C)The freedom to choose one's tasks and methods of work
• D)A worker's perception that the task directly affects other people's work or lives

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Definitions:

Elastic Demand

A market condition where the quantity demanded of a product changes significantly in response to price changes.

Inelastic Demand

A market situation where the quantity demanded of a product does not change significantly when its price varies.

Price Elasticity

A measure of how much the demand for a product changes in response to a change in its price.

Demand

The total quantity of a product or service that consumers are willing and able to purchase at a given price.