A(n)_____ Market Has a Single Firm and _____,Whereas A(n)_____ Market

question 106

Multiple Choice

A(n) _____ market has a single firm and _____,whereas a(n) _____ market has _____ firm(s) and _____.

• A)oligopolistic;no barriers to entry;monopolistic;many;easy entry and exit
• B)monopolistic;barriers to entry;monopolistically competitive;many;easy entry and exit
• C)monopolistic;barriers to entry;oligopolistic;few;no barriers to entry
• D)monopolistically competitive;barriers to entry;monopolistic;one;barriers to entry

Understand compensation strategies and their impact on motivation and organizational effectiveness.

Analyze the motivational theories relevant to workplace settings.

Understand the concept and benefits of participative management and employee empowerment.

Recognize the importance and objectives of employee wellness programs.

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Definitions:

Stimuli

External events or occurrences that provoke a response from an organism.

Response

A reaction to something, which may be verbal, non-verbal, or through actions, often as a direct result of a stimulus or situation.

Conditioned Response

A learned response to a previously neutral stimulus after repeated pairing with an unconditioned stimulus.

Unconditioned Response

The response normally produced by the conditioned response (e.g., salivation being produced by food).