Which of These Best Describes the Peter Principle

question 43

Multiple Choice

Which of these best describes the Peter Principle?

• A)The more a bureaucracy tries to be efficient,the more forms there are to fill out.
• B)Never underestimate the power of the secretary.
• C)Employees tend to rise to their level of incompetence.
• D)Work expands to fill the available time.

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Definitions:

Negative

Characterized by lack or absence, often used in contexts such as negative growth (decline) or negative feedback (criticism).

Income Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in consumers' income.

Quantity Demanded

The amount of a good or service that consumers are willing to buy at a specific price, at a given time.

Own Price Elasticity

A measure of how the quantity demanded of a good responds to a change in the price of that good, keeping other factors constant.