Which of the Following Increases the Supply of a Good

question 173

Multiple Choice

Which of the following increases the supply of a good?

• A) The price of a complement in production decreases.
• B) Producers expect higher prices for the good in the future.
• C) Productivity improves.
• D) Prices of inputs used to produce the good rise.
• E) The number of producers decreases.

Appreciate the importance of corrective actions in managerial control.

Understand the role of performance measurement in the controlling process.

Recognize the significance of preparing for and monitoring the effectiveness of control systems.

Develop an understanding of how control systems support strategic objectives.

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Definitions:

High Achievers

Individuals who consistently perform at a high level and excel in achieving their goals or objectives.

Low Achievers

Individuals who perform below the expected standard in terms of skills or accomplishments.

Expectancy

In expectancy theory, the likelihood that if a person tried, the result would be better performance.

Autonomy

Independence, the ability to act and make decisions on one’s own without undue interference from management.