A hotel chain has decided to reduce its room rates for the coming long weekend. Within two days of announcing this to consumers, the hotel is fully booked for the weekend. This is an example of what?
a. an elastic supply curve
b. an inelastic supply curve
c. an elastic demand curve
d. an inelastic demand curve
c. an elastic demand curve
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Which of the following is NOT one of the three types of information that is obtained from a questionnaire?
A) basic information B) problem-solving information C) classification information D) identification information E) C and D
________ involves examining the cluster centroids
A) Interpreting and profiling the clusters B) Assessing reliability and validity C) Deciding on the number of clusters D) Selecting a clustering procedure
Answer the following statements true (T) or false (F)
1. Personality is relatively stable over the life course of an individual. 2. Individual differences are easily changed by management interventions. 3. The Myers–Briggs type indicator (MBTI) is the most often administered personality test to nonpsychiatric populations. 4. Using the Myers–Briggs type indicator (MBTI) will put individuals into one of five dominant personality types. 5. Some labels in the Myers–Briggs type indicator (MBTI) are better than others.
Answer the following statement(s) true (T) or false (F)
1. The motivation process is shaped by unsatisfied needs and the resulting tension. It includes tension, drives, and goal-oriented behaviors. 2. Needs motivation theories are generally divided into two categories: content theories and procedure theories. 3. Alderfer’s ERG theory proposed that instead of satisfying needs one step at a time, we can satisfy different levels in any order or even at the same time depending on the circumstances. 4. The need for affiliation within McClelland’s acquired needs theory is the desire to control and influence the behavior of others. 5. Of the six behaviors stated in the textbook that change perceived inequity, an attempt to get to change inputs or outcomes means that employees might try and convince others to reduce or give up other outcomes.