In General, an Increase in Price Could Be Caused by Either

question 49

Multiple Choice

In general, an increase in price could be caused by either:

• A)​an increase in demand or a decrease in supply.
• B)​an increase in demand or an increase in supply.
• C)​a decrease in demand or an increase in supply.
• D)​a decrease in demand or a decrease in supply.

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Definitions:

Timebound

Characterized by a specific duration or deadline within which a task or project must be completed.

Management by Objectives

A management strategy focusing on defining specific objectives that employees need to achieve within a set timeframe, followed by feedback on their performance.

Performance Appraisal

A systematic evaluation of an employee's job performance and productivity.

Goal Clarity

The extent to which the objectives to be achieved are clearly understood and defined.