The Term _________ Can Be Defined as the Skills,knowledge,and Behaviours

question 21

Short Answer

The term _________ can be defined as the skills,knowledge,and behaviours that distinguish high performance in a board role,function,or level of the organization.

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Definitions:

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved or is not achievable.

Equilibrium

A state in a market where the quantity demanded equals the quantity supplied, resulting in a stable market price.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.

Excess Quantity

A situation where the supply of a product exceeds the demand for it.