Which of the Following Is an Example of an External

question 17

Multiple Choice

Which of the following is an example of an external proposal?

• A) An employee's email persuading his superiors to choose his team over an external agency for a particular project
• B) An email from the head of one company to another proposing to share resources on similar projects
• C) An email from an employee to his manager stressing the requirement for additional labor from external agencies for a project
• D) An email from the HR manager of technology firm to their finance department containing the pay structure of new employees
• E) A memo from an employee to her manager requesting for Six Sigma training

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Definitions:

Monopoly

A market structure characterized by a single seller or producer dominating the entire market, facing no competition.

Linear Demand Curve

A graphical representation that shows a straight-line relationship between the price of a good and the quantity demanded.

Profit-Maximizing

The strategy employed by a business to identify the optimum price and quantity of production for maximizing earnings.

Price-Elastic

A term that describes how sensitive the demand for a good or service is to changes in its price; high elasticity means demand changes significantly with price changes.