How are equity theory and the psychological contract connected?
What will be an ideal response?
Answer: In both situations, employees compare a ratio of contribution to return. With equity theory, one employee compares his or her ratio with another employee's ratio. According to both theories, employees need to know that they are being treated fairly.
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During the current year, Fairview Corporation sold 100,000 units of its product for $20 each. The variable cost per unit was $14, and Fairview's margin of safety was 40,000 units. What was the amount of Fairview's total fixed costs?
A. $840,000 B. $360,000 C. $240,000 D. $560,000
Charges that firms are using "sweatshop" labor to produce their products are likely to occur during the ________ phase of the strategic marketing planning process.
A. marketing mix B. planning C. control D. implementation E. evolution
With regard to ‘complexity’, ____ refers to the number of different units at the same level and ____ refers to the number of levels in the organization.
a. Vertical differentiation, horizontal differentiation b. Horizontal differentiation, vertical differentiation c. Departmentalization, compartmentalization d. Compartmentalization, departmentalization
Structure impacts informal power through its effect on information and communication flows within the system.
Answer the following statement true (T) or false (F)