Which of the following theories describes the conditions when the benefits of higher pay outweigh higher costs?
A. Efficiency wage theory
B. Reinforcement theory
C. Social exchange theory
D. Expectancy theory
E. Equity theory
Answer: A
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Sales of luxury goods such as perfumes, colognes, and aftershaves depend heavily upon their initial response by the consumer. A well-designed package can create convenience and promotional value. It has been called the "silent salesman
" Which of the three levels of packaging is this "silent salesman"? A) retailer B) consumer C) shipping D) secondary E) primary
Expenses that affect the operating activities of more than one interim period are allocated among the periods based on an estimate of
A) time expired. B) benefit received. C) activity associated with the periods. D) All of these answer choices are possible estimate bases.
The purpose of a CRM program is to identify new potential customers
Indicate whether the statement is true or false
Arnie Stoltz, a 16-year-old living in British Columbia, had had enough of high school. He approached Suzanne Vegan, a 55 year old master chef, to teach him how to be a chef
Suzanne charges $10,000 a year for the two year training program and agreed to allow Arnie to pay her the full amount one year after he completed the program. When Suzanne called on Arnie a year after he completed the training to collect the money, Arnie said he wouldn't pay a cent because he had been a minor when he signed the contract. Which of the following statements best describes Suzanne's legal position in this matter? A) Arnie must pay because he is no longer a minor. B) Arnie must pay because a minor must honour a contract for necessities (necessaries). C) An apprenticeship contract is considered a necessity (necessary) and can be enforced against Arnie. D) If Suzanne proves the apprenticeship contract was beneficial to Arnie he will have to pay a reasonable price for it. E) Suzanne must only prove the apprenticeship contract was to Arnie's benefit to get her money