Expo '86,the World's Fair That Was Held in British Columbia,is

question 184

Multiple Choice

Expo '86,the world's fair that was held in British Columbia,is cited as an example of

• A) good use of intuition.
• B) quantitative analysis.
• C) organizational politics.
• D) escalation of commitment.
• E) risk propensity.

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Definitions:

Resale of Goods

The act of selling previously purchased products, often used, to another party.

Price-Inelastic

Describes a situation where the demand for a product does not significantly change with a change in its price.

Price-Elastic

A characteristic of a good or service that indicates the demand for it changes significantly when its price changes.

Demand Pay

Compensation determined by the desirability or demand for specific job skills in the labor market.