Derived Demand for a Factor Means That

question 294

Multiple Choice

Derived demand for a factor means that:

• A) people demand factors just as they do goods.
• B) the demand for factors depends on what the factor can produce.
• C) the market derives a demand for factors regardless of what they produce.
• D) suppliers determine what will be produced.

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Definitions:

Vision Formulation

The process of creating a clear, inspirational, and guiding image of the future that an organization or individual aims to achieve.

Initiating Structure

An aspect of leadership that consists of organizing work, defining role responsibilities, and scheduling work activities.

Work Scheduling

Work Scheduling involves creating and managing a plan that outlines when tasks or shifts are to be performed by employees, ensuring efficient operation and meeting organizational needs.

Assigning Tasks

The process of distributing or allocating specific duties or activities to individuals or groups within an organization to achieve certain objectives.