<span>D. The product is a necessity.</span>
Price inelastic. If the percentage change in quantity demanded is less than the percentage change in price, demand is said to be price inelastic, or not very responsive to price changes.
Answer:
C. She believes that research and testing are an integral part of providing consumers with safe products.
Explanation: cognitive dissonance refers to the mental conflict that occurs when a person's behaviors and beliefs do not align. It may also happen when a person holds two beliefs that contradict one another. Cognitive dissonance causes feelings of unease and tension, and people attempt to relieve this discomfort in different ways.
When cognitive dissonance is unaddressed in the workplace, it causes the following effect: Withdrawal and Disengagement: When employees are stressed out, they become inactive. A stressed employee would stop bringing up their ideas and if they remain in that job, the function in employment preservation mode.
Answer:
Student responses will vary, but should include: A young investor has years of earning power and can take greater risks because he/she has time to make-up for losses. An older investor needs more security and current income from their investments because they are using it to retire on or they need it to continually grow so that they can retire.
Explanation:
When a person gains power because a has knowledge or expertise relevant to b, expert power is demonstrated.
Expert power is a type of power that comes from having a high level of knowledge in one's field of expertise. Expert power is relative. In other words, if two people have different levels of knowledge about a topic, the one with more knowledge has expert power.
Power refers to the ability to impose one's will against opposition from others. According to Max Weber, there are three types of legitimate authority: traditional, rationally legitimate, and charismatic.
Referee power has the ability to unite the knowledge or expertise of team members and increase their productivity. You can encourage your employees to work towards a common goal.
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