Assume the market for candles is competitive. A decrease in the market price of candles
A) decreases the demand for workers who make candles and decreases their equilibrium wage. B) decreases the demand for workers who make candles and increases their equilibrium wage. C) increases the demand for workers who make candles and decreases their equilibrium wage. D) increases the demand for workers who make candles and increases their equilibrium wage.
A) They increase formalization and centralization. B) They support informal communication as a coordinating mechanism. C) They reduce the need for virtual corporations. D) They increase the amount of formal hierarchy. E) They do none of these things.
In the context of selection techniques used by organizations, individuals participating in an assessment center are likely to be current managers who are being considered for promotion to higher levels.