Suppose You Make Jewellery

question 124

Multiple Choice

Suppose you make jewellery. If the price of silver increases, what would we expect you to do?

• A) be willing and able to produce less jewellery than before at each possible price
• B) be willing and able to produce more jewellery than before at each possible price
• C) face a greater demand for your jewellery
• D) face a weaker demand for your jewellery

---

Definitions:

Construct Change

The process of modifying theoretical constructs or variables to better fit empirical data or to evolve theories over time.

Evaluation Systems

Structured processes used to assess performance, effectiveness, or value of employees, projects, or programs within an organization.

Social Exchange

A theory that suggests human relationships are formed based on a subjective cost-benefit analysis and the comparison of alternatives.

McGregor's Theory Y

A theory of management that assumes employees are self-motivated, seek responsibility, and are creative problem solvers.