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The topic of motivation in OB has been most influenced by which behavioral science discipline? A. Psychology B. Sociology C. Political science D. Corporate strategy 3. As a manager, one of Ali’s duties is to present awards to outstanding employees within his department. Which Mintzberg’s managerial role is Ali performing, when he does this? A. Leadership role B. Monitor role C. Figurehead role D. Spokesperson role 4. Which one of the following would NOT be considered a human skill in Katz’s structure? A. Decision making B. Communicating C. Working as part of a team D. Listening to others 5. Using operant conditioning, which of the following is NOT a method that can be used to change behavior? A. Negative reinforcement B. Punishment C. Counseling D. Positive reinforcement 6. Suspending an employee for dishonest behavior is an example of which method of shaping behavior? A. Extinction B. Punishment C. Positive reinforcement D. Negative reinforcement 7. Which of the following terminal values was ranked as the most important by executives? A. Freedom B. Self-respect C. Family security D. Social security 8. A high score in which dimension of the Big Five model predicts good job performance for all occupational groups? A. Agreeableness B. Conscientiousness C. Emotional stability D. Openness to experience 9. Which of the following terminal values was ranked as the most important by executives? A. Freedom B. Self-respect C. Family security D. Social security 10. Which of the following is an example of an attitude? A. Satisfaction of a person with a job well done B. The opinion that it is never acceptable to steal C. Anger at being unfairly accused of a wrongdoing D. The avoidance of a restaurant where one once received bad service 11. Factors other than satisfaction that impact one’s decision to leave a current job include all of the following EXCEPT: A. Labor market conditions B. Length of tenure with the organization C. Expectations about alternative job opportunities D. Organizational citizenship behavior 12. Job satisfaction is best described as _____. A. A result B. A value C. An attitude D. A discipline 13. Hanif is dissatisfied with his job but believes that his supervisor is a good man who will do the right thing. Hanif has decided that if he just waits, conditions will improve. Hanif’s approach to this problem is termed _____. A. Exit B. Voice C. Loyalty D. Neglect 14. “Fawad is easy-going at home, but at work he becomes very tense and anxious.” This statement attributes Fawad’s personality more to which of the following? A. Heredity B. Environment C. Situation D. Locus of control 15. People with which type of personality trait commonly make poor decisions because they make them too fast. A. Self-monitors B. Extroverts C. Type As D. Type Bs 16. Asad, one of your newest employees, is an extravert. Which of the following statements is least likely to be true? A. Asad will probably attend the company picnic B. Asad will be suited to a managerial or sales position C. Asad will probably have a large number of relationships D. Asad will perform well on specialized, detail-oriented tasks 17. Sadaf has a low absenteeism rate. She takes responsibility for his health and has good health habits. She is likely to have a(an): A. Internal locus of control B. External locus of control C. Core locus of control D. High emotional stability level 18. Rizwan is low on conscientiousness. This would lead you to suspect that which of the following statements is most likely to be true about Rizwan? A. He will find comfort in the familiar B. He will be easily distracted C. He will be comfortable with solitude D. He will be nervous, depressed, and insecure 19. Emotional intelligence appears to be especially relevant in jobs that demand which of the following? A. Charisma B. Commitment C. Social Interaction D. Leadership Skills 20. Asma is an honest and straightforward lady. She believes her employees are all similarly honest and straightforward, ignoring signs that they may be manipulating her. What perceptual shortcut is Asma most likely using? A. Contrast effect B. Halo effect C. Stereotyping D. Projection

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Q: When government sets the price of a good and that price is below the equilibrium price the result will be?
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Related questions

A shortage will develop when?

The market price is below the equilibrium price.


When a surplus of a product will arise when price is above equilibrium or below equilibrium?

above equilibrium


What is a maximum price set below the equilibrium price?

Price Floor.


A price ceiling will only be binding if it is set?

below equilibrium price


What do you have when the actual price in a market is below the equilibrium price?

Excess Supply


Why price ceiling and price floor is binding?

A price ceiling is binding when it is below the equilibrium price. It is the legal maximum price, so the market wants to reach equilibrium (which is above that) but can't legally. If it were above the equilibrium price it would not be binding because the market would reach equilibrium and the ceiling would have no effect. A price floor is binding when it is above the equilibrium price. You can use similar reasoning to that above. It is the legal minimum price. the market wants to reach equilibrium below that but can't legally.


There will be a surplus of a product when?

price below the equilibrium level


What happens if the current price is below the equilibrium?

He or She will be arrested.


When will there be a surplus of a product?

price below the equilibrium level


When the government intervenes in the market by imposing price ceilings and price floors what occurs?

Price ceiling are maximum price for a particular good or service, usually by the government. If price ceiling is placed below an equilibrium price (set by the supply and demand of the market) there is a shortage since suppliers are not as willing to supply the goods while the consumers are willing to purchase more of the product. However, if the price ceiling is placed above an equilibrium price, it is considered non-binding and has no practical effect. Price floor works opposite of price ceiling and is a minimum price for a particular good or service. If price floor is placed above an equilibrium price there is a surplus. However, if the price ceiling is placed below an equilibrium price, it is considered non-binding and has no practical effect.


A shortage develop when?

The equilibrium quantity supplied is lower than the actual quantity supplied. The market price is below the equilibrium price.


Binding price floor in a market sets price?

below equilibrium price and causes a shortage