Are organizational changes always needed?
What will be an ideal response?
No. Any organizational change should be undertaken only when the expected incremental benefits exceed the expected incremental costs. There are direct and indirect costs of organization. Frequent restructuring causes uncertainty about responsibility, and the organization's mission shifts to short-run gains rather than long-term viability.
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Holding supply constant, a reduction in demand leads to
A) lower prices and higher quantity supplied. B) lower prices and lower quantity supplied. C) higher prices and higher quantity supplied. D) higher prices and lower quantity supplied.
The supply curve of land, in the market for uses of land, is:
a. perfectly inelastic. b. nonexistent. c. perfectly elastic. d. positively sloped. e. negatively sloped.