What are the three issues related to proposal design?
What will be an ideal response?
Flexibility, commitment and distributional consequences are the three issues related to proposal design. A proposal is flexible if it can be adapted to different situations. However, while maintaining flexibility in proposal design, it is also important to convince employees that the management is committed to the proposal. Most proposals for change have distributional consequences-some employees gain and others lose. Managers should design proposals that yield maximum benefit to key decision makers.
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During which of the following periods was growth in GDP per capita the strongest?
A) prior to 500 A.D. B) 500 A.D. to 1800 A.D. C) 1800-1900 A.D. D) 1900-2000 A.D.
The "free rider problem" occurs in connection with
a. private goods. b. both public and private goods. c. goods that are not scarce. d. public goods.
The total amount of consumer surplus and producer surplus is at its maximum when
A) consumers and producers are allowed to trade at the market clearing price. B) the government imposes a price floor that is higher than the market clearing price. C) the government imposes a price ceiling that is lower than the market clearing price. D) free market exchanges do not exist.
Supposed you are hired to be a checker at a local grocery store. After ninety days of probation you become a member of the union. As a result you feel more secure about your job and work harder to be part of the team. This is a benefit of union
membership that A) increases demand for union-made goods. B) decreases the demand for nonunion-made goods. C) increases worker productivity of union members. D) increases union dues.