An Artificial Variable Has No Physical Interpretation but

question 58

Multiple Choice

An artificial variable has no physical interpretation but

• A)is added to each ≤ constraint to facilitate the simplex process.
• B)is added to each ≥ constraint to facilitate the simplex process.
• C)is added to each ≤ or = constraint to facilitate the simplex process.
• D)is merely another manner of introducing a negative slack.

Understand the concepts of profit-sharing and gain-sharing plans and their differences in distributing organizational earnings to employees.

Explain the reinforcement theory of motivation and the strategies of reinforcement employed in managing employee behaviour.

Describe the content theories of motivation including Maslow's hierarchy of needs, Alderfer's ERG theory, Herzberg's two-factor theory, and McClelland's acquired needs theory.

Understand the role and implementation of skills-based pay systems within team settings and their effect on team performance and skills development.

---

Definitions:

Unbiased Forward Rate

Theoretically, a forward rate in the currencies market that is equal to the spot rate adjusted for interest rate differentials, without any prediction of future direction.

Forward Rate

The agreed-upon price for a financial transaction that will occur at a future date, often used in the context of foreign exchange or interest rates.

Spot Rate

The current market price of a currency, security, or commodity available for immediate settlement.

Absolute Purchasing Power Parity

A theory that suggests that, in the absence of transaction costs and other barriers, identical goods and services in different countries should have the same price when expressed in a common currency.