Answer the following statements true (T) or false (F)
1. Job security and feelings of psychological safety propel engagement among employees.
2. Job satisfaction is correlated with lower absenteeism and turnover.
3. High job satisfaction is a fundamental predictor of high job performance.
4. Organizational commitment reflects the extent to which an employee identifies with an organization and is dedicated to its goals.
1. TRUE
Employee engagement is defined as an individual's involvement, satisfaction, and enthusiasm for work. Job security and feelings of psychological safety (when employees feel free of fear in trying new ideas) also propel job engagement.
2. TRUE
Among the key correlates of job satisfaction are stronger motivation, job involvement, organizational commitment, and life satisfaction and less absenteeism, tardiness, turnover, and perceived stress.
3. FALSE
One comprehensive study found that (1) job satisfaction and performance are moderately related, meaning that employee job satisfaction is a key work attitude managers should consider when trying to increase performance; but (2) the relationship between satisfaction and performance is complex and it seems that both variables influence each other through a host of individual differences and work-environment characteristics.
4. TRUE
Organizational commitment reflects the extent to which an employee identifies with an organization and is committed to its goals.
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If interest rates in the U.K. are higher than those in the United States, then the pound shows a forward discount, which means the forward rate is less than the spot rate.
a. True b. False
What are four complaints made against civil service systems? (
What will be an ideal response?
The "systems approach" to business and society builds on which of the following stakeholder theory insights?
a. That firms have relationships with many constituent groups, which both affect and are affected by the actions of the firm. b. That firms have relationships with many constituent groups, and that these groups must be managed to best promote value to stockholders. c. That although firms have relationships with many constituent groups, these groups have little impact on the ongoing management of business firms. d. That firms have relationships with only a few groups, such as employees, that are directly connected with business operations.
A firm has issued preferred stock at its $125 per share par value. The stock will pay a $15 annual dividend. The cost of issuing and selling the stock was $4 per share. The cost of the preferred stock is ________
A) 7.2 percent B) 12 percent C) 12.4 percent D) 15 percent