Some Individuals Want Work That Makes Minimal Intellectual Demands and Provides

question 2

Multiple Choice

Some individuals want work that makes minimal intellectual demands and provides the security of routine; for them, ________ is a source of job satisfaction.

• A) low formalization
• B) high decentralization
• C) high work specialization
• D) wide span of control
• E) free flow of information

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Definitions:

Risk Averse

A risk-averse individual prefers certainty over uncertainty and would opt for a guaranteed outcome over a gamble with potentially higher, yet uncertain, rewards.

Expected Rate

Often refers to the anticipated rate of return on an investment or the expected growth rate of an economic variable.

Risk-Averse Investor

An individual who prefers lower returns with known risks rather than higher returns with unknown risks.

Variances

Variances measure the dispersion of a set of data points around their mean value, identifying how spread out the data points are.