Which of the following is a prediction of human capital theory?
A. The value of an individual's skills and abilities is a function of the time and expense required to acquire them.
B. Jobs with negative characteristics require higher pay to attract workers.
C. Higher wages improve efficiency by attracting workers who will perform better.
D. Job seekers will not accept jobs when pay is below a certain wage.
E. Pay policies signal the kinds of behaviour an employer seeks from employees.
Answer: A
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Answer the following statements true (T) or false (F)
1. The structure of an organization has very little impact on the behavior of employees. 2. An organization’s structure affects how successfully it can coordinate and accomplish its work activities. 3. In a mechanistic model, decision-making is participative and distributed throughout the organization. 4. The matrix structure combines both divisional and functional departmentalization with dual lines of authority.
The Foxmoore Company experienced a $100,000 shortfall in sales revenues for the year. Top management is quite disturbed about this and has decided to use variance analysis in assigning the responsibility for the decline. Which of the following variances would most likely be within the control of the marketing department?
A. Market share. B. Sales quantity. C. Sales mix. D. Industry volume.
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Indicate whether the statement is true or false
Which of the following is true about the Medicare program in the United States?
a. It is only available to those who pass a means test. b. It is available to all citizens over the age of 65. c. The costs are completely financed by fees paid by insurees. d. It places no limits on reimbursement to medical care providers.