When the Reaction to a Budget Is Negative, Resulting in Managerial

question 28

Multiple Choice

When the reaction to a budget is negative, resulting in managerial behavior that is negative for the organization, the resulting behavior is known as

• A)dysfunctional behavior.
• B)psychopathic behavior.
• C)congruent behavior.
• D)sociopathic behavior.

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Definitions:

Market Price

The price at which a good or service is bought and sold in a marketplace, determined by the supply and demand dynamics of that market.

Minimum Wage

The lowest legally enforced wage that employers can pay their employees, intended to ensure a minimum standard of living for workers.

Market Equilibrium

A state in a market where the quantity supplied equals the quantity demanded, resulting in no incentive for price changes.

Excess Supply

A situation in which the quantity of a good or service supplied is greater than the quantity demanded at the current price.