Consider the Market for Bread

question 247

Multiple Choice

Consider the market for bread.If the price of wheat rises,then the

• A) demand curve for bread shifts leftward.
• B) supply curve of bread shifts leftward.
• C) price of bread falls.
• D) equilibrium quantity of bread increases.
• E) demand curve for bread shifts rightward.

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Definitions:

Extrinsic Rewards

Benefits and/or rewards that come from an external source, such as money, promotions, or praise.

Intrinsic Rewards

Intrinsic rewards are personal satisfactions and gratifications that one receives from the work itself, rather than from external rewards.

Control

The process of regulating organizational activities to make them consitent with the expectations established in plans, targets, and standards of performance.

Organizational Processes

Are mechanisms and structured activities within an organization that contribute to its effective functioning, including decision-making, communication, and coordination.