Which contingency theory focuses on the readiness of the employees?
a. path-goal model
b. life cycle model
c. vroom-yetton model
d. fiedler model
Ans: b. life cycle model
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In the twentieth century, Russian peasants noticed that during cholera epidemics there were lots of doctors around; in an attempt to eliminate cholera, they killed all the doctors. This is an example of
A. mistaking correlation with causation. B. the fallacy of opportunism. C. excessive abstraction. D. rationality. E. marginal analysis.
Which one of Linda’s transactions is part of the factor market?
a. She buys gas to drive to work. b. She pays for a massage. c. She receives a check for profits from her investments. d. She gets birthday cash from her Aunt Reva.
An annual income statement from Quest Realty, Inc. is shown below:
During this year of operation, Quest Realty owned and occupied an office building in downtown Indianapolis. For this year, the building could have been leased to other businesses for $2,000,000 in lease income. Quest Realty also owned undeveloped land valued at $15,000,000. Owners of Quest Realty can earn a 14% rate of return annually on funds invested elsewhere.Total explicit costs of using market-supplied resources for Quest Realty for this year are
A. $41,100,000 B. $37,000,000 C. $38,200,000 D. $23,000,000 E. none of the above
Refer to the data provided in Table 17.1 below to answer the following question(s). The table shows the relationship between income and utility for Jane.Table 17.1 IncomeTotal Utility $00$20,00025$40,00045$60,00060$80,00070Refer to Table 17.1. Suppose Jane has a 1/3 chance of becoming disabled in any given year. If she does become disabled, she will earn $0. If Jane does not become disabled, she will earn her usual salary of $60,000. Jane has the opportunity to purchase disability insurance for $20,000 which will pay her her full salary in the event she becomes disabled. Jane's utility per year with the policy is ________ and her expected utility without the policy is ________.
A. 60; 40 B. 45; 45 C. 20; 45 D. 45; 40