Tim Has Just Inherited a Signed Wayne Gretzky Hockey Jersey,which

question 177

Multiple Choice

Tim has just inherited a signed Wayne Gretzky hockey jersey,which he would like to sell.His reservation price for the jersey is $500,and he can either place an ad in the local newspaper for $10 or sell the jersey on eBay,which will charge him 5% of the selling price.The local buyer with the highest reservation price is willing to pay $750 at most,while the two eBay bidders with the highest reservation prices are willing to pay $1,200 and $1,000,respectively.(Note that,in an eBay auction,the bidder with the highest reservation price wins,and the price paid is the reservation price of the second-highest bidder. )
-Refer to the information above.If Tim sells his jersey on eBay,his economic surplus will be ________.

• A) $700.
• B) $650.
• C) $500.
• D) $450.
• E) $250.

Understand the concept of impression management and its related tactics.

Comprehend how managers' perceptions of subordinates influence managerial behavior towards them.

Identify the basics of the attribution process and its implications on human behavior.

Discern the major factors that influence causal attributions of behavior.

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Definitions:

Competition

A situation in which individuals or groups strive against one another to achieve a goal that cannot be shared.

Pleasure

A feeling of happiness, enjoyment, or satisfaction derived from an experience.

Self-determination Theory

A theory of motivation that posits people are most satisfied and perform best when they feel that their actions stem from their own desires rather than from external pressures.

Self-efficacy

An individual's belief in their own capability to complete tasks and reach goals, influencing motivation and performance.