Which of the Following Statements Is False

question 63

Multiple Choice

Which of the following statements is false?

• A) The shift factors for the supply curve are: income,preferences,prices of related goods,the number of buyers,and expectations of future price.
• B) A change in (own)price changes the quantity supplied of a good.
• C) A change in demand is graphically represented by a shift in the demand curve.
• D) A change in quantity demanded is represented by a movement along a given demand curve.

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Definitions:

Production Unit

A defined quantity of products or a segment of a manufacturing or service operation that is treated as a standard measure of output.

Departmentation

Departmentation refers to the process of dividing an organization into distinct units, departments, or sections, each responsible for different functions or tasks, to enhance efficiency and management effectiveness.

Organic

Pertaining to or characterized by a natural, flexible, and adaptive approach to organization and management, often in contrast to more structured or hierarchical methods.

Matrix Structure

An organizational design in which employees report to multiple managers, typically combining functional and project or product-based structures.