Fiona Just Won 10 Million Dollars in the Lotto 6-49

question 1

Multiple Choice

Fiona just won 10 million dollars in the Lotto 6-49. According to research on wealth and well-being, we would expect that Fiona will

• A) experience elevated well-being initially but this will decrease over time.
• B) experience increased well-being because everyday cares are no longer a concern.
• C) experience decreased well-being because others seem to only care about her for her money.
• D) experience no change in her well-being because money cannot buy happiness.

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Definitions:

Competence

The ability to do something successfully or efficiently, often referring to a specific skill set or knowledge.

Contingency Approach

A management theory that suggests the optimal course of action depends on specific internal and external situations, advocating for flexibility and adaptation in strategies.

Situational Forces

External or internal factors that influence individuals' behavior or the outcome of events within an organizational or social context.

Universal Managerial Principles

Fundamental guidelines or rules that are believed to be applicable across diverse organizations and management situations.