Discrepancy between existing and a desired state of affairs is called:

Related MCQs

• An individual's perception of whether performing at a particular level will lead to attainment of a desired outcome is termed:
• Tea and Coffee are perfect substitute of each other, given the price of Tea and Coffee being `100 and `200 per Kg. a consumer is prepared to buy 3 Kg. of each. If the price of tea remain same and the price of Coffee rises to `400 per kg. the demand for Tea goes to 6 Kg. and that of Coffee falls to 1Kg. The elasticity of substitution between Tea and Coffee is
• Unemployment that is caused by a mismatch between the composition of the labor force (in terms of skills, occupation, industries, or geographic location) and the make-up of the demand for labor is called
• _____ intervene(s) between people‟s perceptions and emotions and their overt behavior.
• Many sophisticated techniques or tolls are useful in decision-making. Which of the following is a tool that helps managers figure out how much to produce and points out the relationship between revenues, costs, and profits?
• A monopoly based on sole state ownership of production and distribution network is known as
• The relationship between aggregate consumption expenditure and aggregate income of household sector is known as ………………………. function.
• The difference between Gross National Product (GNP) and Gross Domestic Product GDP) is
• The difference between personal disposable income and personal income is
• Unemployment due to mismatch between skill possessed and present available jobs