Considering how a change in one variable affects the value of another variable is called
A) the Peter Principle.
B) the marginal principle.
C) the principle of supply and demand.
D) functional decision making.

Question

Quizplus · Accepted Answer

The description given in the question matches the definition of the marginal principle, which describes how a change in one variable affects another variable, holding all else constant. The Peter Principle refers to the idea that individuals are promoted to positions of incompetence, the principle of supply and demand refers to the interaction between the availability of a product or service and the desire or need for it, and functional decision making does not pertain specifically to the relationship between variables.

Considering How a Change in One Variable Affects the Value