When organizational members are not strongly committed to a shared system of values, beliefs, and routines, organizational ________ is/are weak.
A. routines
B. culture
C. socialization
D. relations
E. tradition
Answer: B
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If you decide to pay yourself a commission from your business, you will be earning ________.
A. a percentage of your business profit B. a percentage of each sale C. a set salary D. a bonus
Elmer wrote a letter to his friend Fred offering to sell Fred an 80-acre farm for $400,000. After mailing the letter, Elmer learns that the farm is actually worth $500,000 and changes his mind about selling. Elmer:
A) has made a firm offer to Fred which cannot be revoked. B) can revoke his offer at any time before acceptance, because there is no consideration to keep the offer open. C) must keep the offer open, because this is an option contract. D) is prohibited from revoking his offer to Fred under the doctrine of promissory estoppel.
Which of the following best defines the term distributional interest?
A. the ratio in which profit is distributed among members of an LLC B. the process of distributing profits or losses according to the capital investment of the member C. the constitution of management of the LLC based on the extent of each member's financial investment D. a member's ownership interest in an LLC that entitles the member to receive distributions of money and property from the LLC
Discuss expectancy theory and equity theory in the context of employee motivation.
What will be an ideal response?