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Michelle Has Maintained an Average Balance of $300 Per Month

question 22

Multiple Choice

Michelle has maintained an average balance of $300 per month for the first three months of the year, $800 per month for the next three months, and $1,000 per month for the final six months of the year in a NOW account.It requires a minimum balance of $500 to be maintained if annual interest of 5 percent is to be earned.She writes an average of 25 checks per month but the account does not have a service charge for checks although it costs the bank 10 cents to process each check. What is the average return earned (explicit and implicit) by her over the year?

Comprehend goal-setting theory, how goal specificity and difficulty affect performance, and the importance of participatory goal setting.

Recognize the psychological and behavioral responses to perceived inequities in the workplace and strategies for addressing them.

Understand the impact of performance-contingent rewards on motivation and how managers can use them to influence motivation positively.

Identify the factors that influence a person's motivation to increase work effort in response to perceptions of being underpaid or over-rewarded.

Definitions:

Environmental Justice

Ensuring that people, no matter their ethnicity, color, country of origin, or financial situation, are treated fairly and play a meaningful role in the formulation, enforcement, and carrying out of policies, laws, and regulations related to the environment.

Environmental Racism

The practice of placing environmentally hazardous sites near marginalized communities based on race or socioeconomic status.

Smart-Growth

An urban planning and transportation theory that focuses on sustainable development and environmental protection.

Bystander Effect

A phenomenon within social psychology where individuals become less inclined to assist a victim when there are other bystanders around.