If a Resource Has Perfectly Elastic Supply Curve Then Its

question 52

Multiple Choice

If a resource has perfectly elastic supply curve then its income is termed as:

• A)economic rent.
• B)rental rate of capital.
• C)rental income.
• D)annuity.
• E)transfer earnings.

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Definitions:

Affective Commitment

The emotional attachment and identification an employee feels towards their organization, which influences their desire to stay with the organization.

Continuance Commitment

An employee's psychological attachment to an organization based on the costs that the employee associates with leaving the organization.

Normative Commitment

An employee's psychological attachment to an organization, stemming from a sense of obligation.

Organizational Commitment

The psychological attachment and loyalty an employee has towards their organization, often reflected in their willingness to remain a part of it.