In a Linear Equation Relating Income and Consumption, You Know

question 153

Multiple Choice

In a linear equation relating income and consumption, you know that the intercept is $1,000 and the slope of the line is 4. If income is $20,000, then consumption is

• A) $8,000.
• B) $9,000.
• C) $10,000.
• D) $11,000.

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Definitions:

Compromise

A conflict management style in which each party to a conflict gives up something of value to the other.

Conflict Management

The practice of identifying and handling conflicts in a sensible, fair, and efficient manner, with the goal of reaching a resolution that suits all parties involved.

Bargaining

The negotiation process through which parties arrive at a mutual agreement on the terms of a transaction or deal.

Competition

A conflict management style in which the person uses force, superior skill, or domination to “win” a conflict.