Organisational Behaviour Knowledge

question 96

Multiple Choice

Organisational behaviour knowledge:

• A) Originates mainly from models developed in chemistry and other natural sciences
• B) Accurately predicts how anyone will behave in any situation
• C) Is more appropriate for people who work in computer science than in marketing
• D) Helps us to understand,predict and influence the behaviours of others in organisational settings

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Definitions:

Surplus

The situation in which the quantity of a product supplied exceeds the quantity demanded at the current price; often leads to downward pressure on prices.

Shortage

A situation in which the demand for a product or service exceeds the supply available at a specific price.

Bushels

A measure of volume used primarily for agricultural commodities, varying in size depending on the product measured.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to sell, holding other factors constant.