A Safety Report Is Released That Contends That Sport Utility

question 5

Multiple Choice

A safety report is released that contends that sport utility vehicles are less prone to roll over during crashes than was previously thought. At the same time, the price of steel (used to produce motor vehicles) decreases. The net effect of these two incidents on the market for sport utility vehicles is a(n) :

• A)​indeterminate change in price and an increase in equilibrium quantity.
• B)​indeterminate change in price and a decrease in equilibrium quantity.
• C)​decrease in price and an increase in equilibrium quantity.
• D)​increase in price and an increase in equilibrium quantity.

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Definitions:

Uniformity

The state of being homogeneous or consistent in quality, standard, or style across a specified area or among different entities.

Performance Standards

Established expectations regarding the quality and quantity of work to be delivered by employees within a specific timeframe.

Performance Appraisal Process

A systematic evaluation of an employee's job performance and productivity in relation to certain pre-established criteria and organizational objectives.

Valid Performance Measurements

Indicators or metrics that accurately reflect the actual performance or productivity of an individual or organization.