Figure 5-9 -Refer to Figure 5-9. Using the Midpoint Method, the Price

question 355

Multiple Choice

Figure 5-9
-Refer to Figure 5-9. Using the midpoint method, the price elasticity of demand between point A and point B is

• A) 0.33.
• B) 0.5.
• C) 2.0.
• D) 3.0.

---

Definitions:

Autonomy

The degree of freedom and independence an employee has in their job to make decisions and control their work processes.

Evaluate Job Performance

The process of assessing how well an employee performs their job duties and responsibilities.

Environmental Considerations

The influence of the external environment on job design; includes employee ability, availability, and social expectations.

External Environment

Consists of all factors outside an organization that can affect its operations and performance, including economic, legal, technological, and social conditions.