Refer to Scenario 9

question 282

Multiple Choice

Refer to Scenario 9.1 below to answer the question(s) that follow.
SCENARIO 9.1: Amy borrowed $20,000 from her parents to open a bagel shop. She pays her parents a 5% yearly return on the money they lent her. Her other yearly fixed costs equal $9,000. Her variable costs equal $30,000. In her first year, Amy sold 40,000 dozen at a price of $1.50 per dozen.
-Refer to Scenario 9.1. Amy's profit is

• A) $0.
• B) $20,000.
• C) $30,000.
• D) $50,000.

Analyze critiques of network exchange theory and rational choice theory.

Comprehend the distinctions between social structures based on exchange competition and organizational objectives.

Understand how norms and values influence social structures in society.

Evaluate the contributions and limitations of Peter Blau and George Homans' theories.

---

Definitions:

Dynamic Function

The ability or process within a system or entity to change or evolve over time in response to external and internal conditions.

System

A set of interconnected components that form a complex whole, operating together to achieve a common purpose.

Belongs

The sense of being part of something or having a rightful place in a context, often reflecting a feeling of acceptance or association with a group.

Open Systems

A theory or model that views organizations as entities that interact with their environments to exchange resources and information.