Abigail Is Trying to Figure Out How She Can Best

question 34

Multiple Choice

Abigail is trying to figure out how she can best use employee pay to shape her employees' behavior. She is worried about consistent behavior, not speed. Therefore, she is interested in getting a slow but steady rate of response from her workers. According to reinforcement principles, she should probably use a ________ schedule.

• A) fixed-ratio
• B) variable-ratio
• C) fixed-interval
• D) variable-interval

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Definitions:

Oligopoly

A market structure characterized by a small number of firms controlling a large market share, leading to limited competition.

Monopolistically Competitive

Characterizes a market environment where various businesses market products that resemble each other but are not exact duplicates, thereby providing them with some level of control over the market.

Allocative Efficiency

A state of resource allocation in which goods and services are distributed according to consumer preferences, achieving optimal distribution.

Productive Efficiency

A scenario where goods or services are produced at the lowest possible cost and with maximum efficiency in resource usage.