The ability to make compensation responsive to changes in competitive pressures and organizational performance is known as ______________________________.
Fill in the blank(s) with the appropriate word(s).
pay flexibility
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All of the following are sources of dynamic gains from trade EXCEPT
a. specialization and the reallocation of existing resources. b. additional savings and investment that occurs over a period of time. c. economies of large-scale production. d. economic stimulus provided by increasing levels of competition.
Which of the following techniques was suggested by Freud to trace a person's motivations from the stated instrumental ones to the more terminal ones?
A) laddering B) word association C) role playing D) casting E) selective attention
Which of the following strands of OD influenced programs such as Six Sigma?
a. Laboratory training and T-groups b. Management practices c. Quality and employee involvement d. Organizational effectiveness and employee engagement
Frances has lived in an apartment for ten years when she decides to buy a house. Her one-year lease will end on May 1. On April 15, she orally contracts to buy Smith's house for $100,000, with the closing (transfer of the deed) to take place on June1. Smith's lawyer, who is out of town on vacation, is to draft a written contract of sale on his return to his office on May 15. Because Frances's lease is terminating, Smith agrees to let her take possession of the house on May 1 if Frances gives him a "down payment" on the house of $5,000. Frances agrees and gives Smith the $5,000. She moves into the house on May 2, and the following weekend plants trees in the back yard. On May 10, Smith receives a written offer from Green to buy Smith's house for $120,000. Smith accepts Green's offer, asks
Frances to move out of the house, and tries to return the $5,000 to Frances. Frances claims that she has an enforceable contract to buy the house. Smith claims that any such contract must be in writing to be enforceable under the Statute of Frauds. Who is correct and why? What will be an ideal response?