Figure 3-2 19) Refer to Figure 3-2. A decrease in the price of substitutes in production would be represented by a movement from A) A to B. B) B to A. C) S1 to S2. D) S2 to S1. 20) Refer to Figure 3-2. An increase in the price of the product would be represented by a movement […]
91) Studies have shown that drinking one glass of red wine per day may help prevent heart disease. Assume this is true, and a fungal disease destroys a large portion of the grape harvest of California vineyards. In the market for red wine, these two developments would A) increase demand and increase supply, resulting in an increase in the equilibrium quantity and a […]
9.1 Perfectly Competitive Markets 1) Assume the market for organic produce sold at farmers’ markets is perfectly competitive. All else equal, as more farmers choose to produce and sell organic produce at farmers’ markets, what is likely to happen to the equilibrium price of the produce and profits of the organic farmers in the long run? A) The equilibrium price is likely […]
11) ________ are benefits for temporary or permanent partial disability based on the degree and duration of the disability. A) Total disability benefits B) Impairment benefits C) Rehabilitation benefits D) Medical expense benefits 12) Which of the following is the primary problem associated with workers’ compensation? A) Lengthy claim settlement B) Employer and employee fraud C) Lack of legal recourse for injured […]
51) During 2013, a country reported that its real GDP increased by $3.0 billion. If the slope of its aggregate planned expenditure curve is 0.9, then which of the following might have led to the increase in real GDP? A) Exports decreased by $0.3 billion. B) Exports increased by $0.3 billion. C) Imports increased by $0.3 billion. D) Government expenditure on goods and services […]
39) The rule for employing a profit-maximizing amount of labor is to continue to hire additional workers until the additional worker’s value of marginal product is A) less than the wage rate. B) equal to the wage rate. C) greater than 1. D) less than the price of the product. E) equal to the price of the product. 40) Suppose the Miami Dolphins […]
4.3 Market Equilibrium 1) Market equilibrium occurs when A) all markets become equal. B) the quantity demanded equals the quantity supplied. C) opposing forces pull demand and supply apart. D) demand and supply move in opposite direction. E) demand and supply change so that they are equal at all possible prices. 2) Market equilibrium occurs when A) the quantity demanded equals the quantity […]
31.Differences in preterm and term infant feeding include: a.preterm infants may have oral hypersensitivity. b.preterm infants accept food readily by mouth. c.preterm infants have a more stable feeding position. d.the central nervous system in preterm infants signals hunger prematurely. e.All of the above 32.The overall U.S. infant mortality rate decreased by _____ between 1980 and 2008. a.26% b.31% c.45% d.56% e.63% […]
18.4 Chapter Figures The figure above shows the U.S. market for T-shirts, where SUS is the domestic supply curve and DUS is the domestic demand curve. The United States trades freely with the rest of the world. The world price of a T-shirt is $5. 1) In the figure above, with international trade U.S. consumers buy ________ million T-shirts per year at […]
21) In the short run, when the Fed raises the federal funds rate, A) the real interest rate is unchanged so investment and consumption expenditure are not changed. B) the real interest rate temporarily increases, thereby decreasing investment and consumption expenditure. C) the real interest rate temporarily falls, thereby increasing investment and consumption expenditure. D) investment and consumption expenditure increase, thereby raising the real […]
11) Career development in traditional bureaucratic organizations differs from that in more modern organizations in that:
A) bureaucratic organizations left career development solely to the employees, while modern organizations implement career development for employees.
B) bureaucratic organizations supported employee empowerment, while most modern organizations shy away from employee empowerment.
C) bureaucratic organizations saw career development as something that was done "for" employees, while modern organizations view it as something in which the employee must play a role.
D) bureaucratic organizations saw career development as something that would improve the individual employee, while modern organizations see career development as something that will improve the company as a whole.
12) Chloe, Operations Manager of Brant International, is trying to encourage employee empowerment in the business. She supports letting employees take total responsibility for their career development. As the head of HR, you would most likely:
A) realize that giving total responsibility to employees may leave them without the guidance and understanding they need to develop their careers.
B) agree that while this is done in most companies, it is too expensive for Brant to implement at this time.
C) follow her suggestion, knowing that employee empowerment of this sort will increase worker morale and productivity.
D) believe that the company should play the most active role in employees' career development.
13) Which of the following most likely suggests that career development is emphasized too much in an organization?
A) Employees take total responsibility for their career development.
B) Employees spend time with supervisors seeking career advice.
C) Employees make numerous lateral moves within a department.
D) Employee job performance is neglected for networking opportunities.
14) Marcus is trying to encourage his employees to think and plan for their future careers. He's concerned, however, that he might create or feed unrealistic expectations. Marcus is most likely trying to answer which of the following questions?
A) How much career emphasis is enough?
B) Who's responsible for career development?
C) How does one meet the needs of a diverse workforce?
D) Whose goals should be met, those of the organization or the individual?
15) Which of the following is LEAST likely a negative aspect of career development programs that foster unrealistic advancement expectations?
A) Employee dissatisfaction
B) Poor performance
C) Increased turnover
D) Discrimination
16) The "glass ceiling" is best defined as the:
A) official boundary in an organization that prohibits minorities and women from rising to upper-level job positions.
B) filtering of minority group members and women into non-revenue producing areas of a business.
C) informal barrier that prevents women and minorities from advancing their careers within firms.
D) expansion of opportunities for minorities and women in the workplace required by EEO laws.
17) According to a 1991 government study on the "glass ceiling,":
A) women were excluded from formal recruitment efforts.
B) employers failed to provide formal career development programs.
C) women and minorities were held back from lower-level management positions.
D) minorities and disabled workers were excluded from upper-level management positions.
18) Which of the following is most likely a true statement?
A) The glass ceiling is a problem exclusive to the United States.
B) Women and minorities tend to be excluded from informal career development efforts.
C) Since the 1991 glass ceiling study, women have attained appropriate representation in directorship positions.
D) Barriers to women and minorities in the workplace no longer exist as a result of government intervention programs.
19) In Fortune 500 companies, ________ % of seats on the boards of directors are held by women.
A) 5
B) 15
C) 25
D) 50
20) Which of the following is NOT a common issue associated with dual-career couples?
A) Experiencing conflicts between personal lives and career lives
B) Needing flexible scheduling to handle child care responsibilities
C) Struggling with career advancements that involve a geographic move
D) Requiring additional health care benefits to cover both members of the couple
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