Kevin Is a Member of the Board of Directors for a Non-Profit

question 19

Multiple Choice

Kevin is a member of the board of directors for a non-profit organization that is engaged in environmental causes.The group does fund-raising,legislative lobbying,and publicizes the need for action to reduce pollution.The organization pays salaries below market.With his knowledge of the general stages in the typical person's career,Kevin knows that the organization would have the BEST luck recruiting new full-time employees

• A) among people who are in their early career stages because they tend to be idealistic.
• B) among people in the mid-career stage because they are disengaging from their original careers and becoming interested in social causes.
• C) among people in the late career stage because they tend to be focused on contribution to society more than on external wealth and status.
• D) among retirees because they are looking for second careers that are both satisfying and intellectually demanding.

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Definitions:

Pure Competition

A market structure characterized by a large number of buyers and sellers, similar products, and free entry and exit, leading to price determination by supply and demand forces.

Monopolistic Competition

A market structure where many businesses sell products that are similar but not identical, allowing for competition based on price, quality, and marketing.

Pure Monopoly

A market structure where a single seller controls the entire supply of a product or service, and where entry of new competitors is obstructed.

Oligopoly

A market structure characterized by a small number of firms whose decisions about pricing and output can significantly affect competitors.