Channels of Communications That Follow the Chain of Command and Are

question 89

Multiple Choice

Channels of communications that follow the chain of command and are considered as official are _____ communication channels.

• A)prescribed
• B)formal
• C)vertical
• D)horizontal
• E)external

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Definitions:

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period.

Elastic

A term used in economics to describe a situation where the quantity demanded or supplied of a good or service is highly responsive to changes in its price.

Substitutes

Goods or services that can replace each other in use, where an increase in the price of one leads to an increase in demand for the other.

Industry Supply Curve

A graphical representation showing the relationship between the price of a good and the total output of that good supplied by an industry at various price levels.