Describe the specific practices organizations can engage in to foster each of the three forms of commitment. Give an example of each.
What will be an ideal response?
Student answers and examples will vary but should demonstrate understanding of practices that can foster the three forms of commitment. The following is a sample answer.
Organizations can foster affective commitment by increasing the bonds that link employees together. Ben & Jerry's holds monthly "joy events" during which all production stops for a few hours to be replaced by Cajun-themed parties, table tennis contests, and employee appreciation celebrations. From a continuance commitment perspective, the priority should be to create a salary and benefits package that creates a financial need to stay. Companies that are well known for their commitment to promotion-from-within policies, like A.G. Edwards and the Principal Financial Group, also enjoy especially low voluntary turnover rates. From a normative commitment perspective, the employer can provide various training and development opportunities for employees, which means investing in them to create the sense that they owe further service to the organization. IBM's "workforce management initiative" keeps a database of 33,000 résumés to develop a snapshot of employee skills.
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The two costs of noncompliance are ___________________________________ and ___________________________________
Fill in the blank(s) with correct word
Customers arrive according to a Poisson distribution. The average number of customer arrivals per hour is four. The probability that three customers will arrive in the next two hours is:
A) less than or equal to 0.015. B) greater than 0.015 but less than or equal to 0.020. C) greater than 0.020 but less than or equal to 0.025. D) greater than 0.025.
A firm which uses the aggressive financing strategy plans to purchase raw materials in large quantities to take price discounts. The firm will finance the purchase with a long-term loan. The most likely consequence of this action is ________
A) a decrease in the current ratio B) an increase in net working capital C) an increase in risk of insolvency D) a decrease in net working capital
Question: Given a particular research question and a particular study conducted to test that question, is it possible to commit either a Type I or a Type II error? Are both possible, is only one possible, or is neither possible? Why?
What will be an ideal response?