For a Manager, It Is Worth Understanding the Grapevine in the Organization

question 92

Multiple Choice

For a manager, it is worth understanding the grapevine in the organization because ________.

• A) it is the least costly way of transmitting information
• B) it improves employee motivation
• C) it helps tap into employee anxieties
• D) it increases job satisfaction for the employees
• E) it improves team efficiency

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a competitive marketplace.

Consumer Surplus

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

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product or service, often intended to protect consumers from excessive prices.