If employee participation in making pay-related decisions is encouraged in an organization, then
A) administering the plans becomes simple. B) the organization's interests can be best protected. C) the cost borne by the organization decreases. D) monitoring performance becomes difficult. E) the incentive plan has more chances of being successful.
On January 1, 2019, Alex deposited $3,500 into a savings account that pays interest of 8 percent, compounded annually. If he makes no further deposits or withdrawals, how much will Alex have in his account on December 31, 2021 (3 years later) ?
Answer the question on the basis of the following total utility data for products L and M.Assume that the prices of L and M are $3 and $4 respectively and that the consumer's income is $18. Units Total of L Utility 19215318420521 Units of M Total Utility 116228336440542\begin{array}{l}\begin{array}{ccc}\text { Units}&\text{ Total }\\\text { of L } & \text { Utility } \\\hline1 & 9 \\2 & 15 \\3 & 18 \\4 & 20 \\5 & 21\end{array}\begin{array}{ccc}\begin{array}{c}\text { Units } \\\text { of M }\\\hline\end{array} & \begin{array}{c}\text { Total } \\\text { Utility }\\\hline\end{array} \\1 & 16 \\2 & 28 \\3 & 36 \\4 & 40 \\5 & 42\end{array}\end{array} Units of L 12345 Total Utility 915182021 Units of M 12345 Total Utility 1628364042 Refer to the data.How many units of the two products will the rational consumer purchase?
A) 3 of L and none of M B) 4 of L and 2 of M C) 3 of L and 5 of M D) 2 of L and 3 of M
Whenever Josh goes to his favorite restaurant,he wants to buy tiramisu,his favorite dessert.Despite the fact he would enjoy the flavor of the tiramisu the same amount every time,Josh only buys it when others are having dessert,and never buys it if he would be the only one having dessert.Behavioral economists would say that Josh's decision is affected by:
A) the availability heuristic. B) confirmation biases. C) framing effects. D) the self-serving bias.
According to the work of Albert Bandura, an individual uses modeling or vicarious learning to acquire behavior by
A) operant conditioning through matching actions of various people. B) establishing objective consequences of actions. C) observing and imitating others. D) negating the lack of reciprocal interactions among people. E) ensuring the importance of environmental conditions in organization.
Firms gain control over price in monopolistic competition by
A) blocking entry of other firms into the industry. B) producing a product for which there are no close substitutes. C) differentiating their products. D) colluding with other firms to set prices.