Answer:
B. Service
Explanation:
A service organization can be defined as an assembly of people who are saddled with the responsibility of providing customer-oriented services rather than just making profit.
In this scenario, Hertz leases cars to its customers while E*Trade makes stock transaction for its customers. These businesses are service organizations.
Basically, the aims and objectives of a service organization is simply to effectively and efficiently meet the needs or requirements of its customers. Thus, in order to successfully achieve this goal, this type of business will always put the need of its customers first before any other thing.
Answer:
Other things equal, the fall in the price of plastic would shift Pic's marginal cost curve to the right. To maximize profits, Pic should increase its output. Since other firms in the industry do not enjoy the reduction in marginal costs, the market supply curve would not change and the market price of toothpicks would remain unchanged. Pic Industries would enjoy higher profits in the short-run
Answer:
2. Reflect situational, or contingency, conditions
Explanation:
Organizational Behavior must reflect situational, or contingency, conditions to study human nature
Four requirements for a valid contract are an offer, acceptance by the other party of the offer, a mutual agreement or meeting of the minds of the contracting parties and a valid consideration.
