Ross Is Tasked with a Creativity Exercise: How Many Uses

question 17

Multiple Choice

Ross is tasked with a creativity exercise: how many uses he can think of for a cardboard box.Ross generates three ideas: using the box as a cage for a hamster,a container for a turtle,and a kennel for a dog.Ross's ideas get high marks for flexibility of ideas and low in fluency of ideas.

• A)A first-step of the brain-storming process
• B)The simultaneous generation of written ideas
• C)A technique in which members rotate in and out of different groups
• D)Acting out ideas in a group setting using props and so on

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Definitions:

Profit

Profit is the financial benefit realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in maintaining the activity.

Short-Run Equilibrium

A situation in a market where demand equals supply, resulting in a stable price level, but which may not reflect long-term market dynamics.

Competitive Price-Taker

A rephrased scenario where businesses in competitive markets accept the prevailing market price as given because they have no power to influence it.

Profit

The financial gain realized when the revenue earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.