Brent, Michael, Anna, and Sophie All Take a Math Test

question 80

Multiple Choice

Brent, Michael, Anna, and Sophie all take a math test when they are 7 years old. Brent and Anna get high scores and Michael and Sophie get lower than average scores. Brent is told he has a natural math ability, Anna is told her hard work in school is paying off, and Michael and Sophie are told that with more work they can do better. At age ten, which child is MOST likely to be very interested in achieving at math?

• A) Brent
• B) Anna
• C) Michael
• D) Sophie

Understand the strategies to manage labor surplus and shortage.

Identify and apply human resource planning processes and forecasting methods.

Recognize the roles of different workforce strategies such as downsizing, hiring freezes, and early retirement in organizational restructuring.

Evaluate the effects of outsourcing and temporary employment on organizational efficiency and employee commitment.

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Definitions:

Total Benefit

The entire satisfaction or value derived from consuming a good or service.

Optimal Quantity

The quantity of production that maximizes a firm's profit or minimizes its costs under certain conditions.

Free-Rider Problem

The inability of potential providers of an economically desirable good or service to obtain payment from those who benefit, because of nonexcludability.

Public Good

An item or service that is available for all individuals to consume, regardless of who pays for it, characterized by its non-excludability and non-rivalry.