14.5 Chapter Figures The above figure shows a nation’s consumption function. 1) Using this consumption function, autonomous consumption is A) $0. B) between $1 and $2 trillion. C) more than $2 trillion and less that $5 trillion. D) more than $5 trillion and less than $8 trillion. E) more than $8 trillion. 2) Using this consumption function, the marginal propensity to consume […]
51. Harrison Manufacturing has the following product information available: Sales price $50 per unit Variable costs $26 per unit Fixed costs $87,600 Refer to the Harrison Manufacturing information above. What do total sales dollars need to be in order to earn a target profit of $200,400? A. $235,000B. $600,000C. $288,000D. $417,500 52. Tucker Corp. has the following product information: Sales price $12 […]
31) A minimum wage that is above the equilibrium wage rate A) increases efficiency within the labor market. B) increases the quantity of labor demanded. C) creates a deadweight loss. D) has no effect on the labor market because it is set above the equilibrium wage rate. E) None of the above answers is correct. 32) A minimum wage A) increases all workers’ surplus […]
Multiple Choice 1. How do masculine people, often men, who are friends tend to build closeness? A. share activities B. talk about their friendship C. engage in personal disclosure D. engage in small talk E. masculine people who are friends do not build closeness 2. What explains the fact that in heterosexual co-habitating couples, women continue to do the bulk of the domestic labor? A. […]
8.3 Fairness and the Big Tradeoff 1) Consider the two principles of fair taxation, the benefits principle and the ability-to-pay principle. A) Both state that people should pay taxes according to the benefits they receive from public services. B) Both state that people should pay taxes according to how easily they can bear the burden. C) Both are based on horizontal equity. D) Both […]
92) The income effect of an increase in the price of peaches is A) the change in the quantity demanded of peaches that results from the price increase making peaches more expensive than other fruit, holding constant the effect of the price change on consumer purchasing power. B) the change in the demand for peaches as a result of the change in the […]
14.3 Expenditure Multipliers 1) The expenditure multiplier explains how a change in A) real GDP leads to a change in autonomous expenditure. B) induced expenditure leads to a change in real GDP. C) autonomous expenditure leads to a change in real GDP. D) real GDP leads to a change in induced expenditure. E) induced expenditure leads to a change in autonomous expenditure. 2) […]
96. The most common method used to establish transfer prices is a.negotiated transfer pricing. b.market-based transfer pricing. c.cost-plus transfer pricing. d.cost-based transfer pricing. 97. When a sale occurs between divisions of the same company, which transfer pricing approach may lead to the buying division overpricing its product? a.Cost based transfer pricing b.Market-based transfer pricing c.Negotiated transfer pricing d.Cost-plus transfer pricing […]
21) Diminishing marginal utility means that A) marginal utility decreases as consumption decreases. B) marginal utility increases as consumption increases. C) marginal utility decreases as consumption increases. D) total utility decreases as marginal utility decreases. E) total utility decreases as marginal utility increases. 22) Brenda’s marginal utility per dollar from the second hamburger is 20. Her marginal utility from the third hamburger would […]
10.3 How Does a Monopoly Choose Price and Output? 1) The demand curve for the monopoly’s product is A) the market demand for the product. B) more elastic than the market demand for the product. C) more inelastic than the market demand for the product. D) undefined. 2) A monopolist’s profit maximizing price and output correspond to the point on a graph […]
As an HR manager in a large health care organization, you have developed a new reward and recognition program designed to help increase employee motivation and job satisfaction in a specific hospital department of your choice. You may choose either a clinical or non-clinical department.
Based on the course readings and a minimum of four appropriate sources of research, create a 4–6 page executive summary suitable for presentation to senior leadership on employee motivation that includes the following:
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