Gerald Knows That an Understanding of Dependency Is Central to Understanding

question 12

Multiple Choice

Gerald knows that an understanding of dependency is central to understanding power in his organisation. When Gerald realises the supply of personnel is low relative to demand,individuals can negotiate compensation and benefit packages that are far more attractive than can those in occupations where there is an abundance of candidates.This is an example of:

• A)the scarcity-dependency relationship.
• B)the scarcity-substitutes relationship.
• C)alternatives.
• D)importance.

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Definitions:

Lending Model

A crowdfunding model where funds are offered as loans with the expectation that the money will be repaid with interest.

Crowdfunders

Individuals or groups who fund projects or businesses through small contributions typically collected via online crowdfunding platforms.

Loans

Borrowed money that is expected to be repaid with interest.

Kickstarter Contributors

People who financially support projects presented on Kickstarter, a crowdfunding platform, expecting rewards or the successful completion of projects.