A Store Remains Open from 8 A

question 205

Multiple Choice

A store remains open from 8 a.m. to 4 p.m. each weekday. The store owner is deciding whether to stay open an extra hour each evening. The ownerʹs marginal benefit

• A) must be greater than or equal to the ownerʹs marginal cost if the owner decides to stay open.
• B) is the benefit the owner receives from staying open from 8 a.m. to 6 pm.
• C) is the benefit the owner receives from staying open from 8 a.m. to 5 pm.
• D) depends on the revenues the owner makes during the day.

Identify factors that cause stress for individuals and understand the concept of coping mechanisms.

Explain the role of diversity in the workplace and the importance of supporting it.

Describe the dimensions of national culture according to Geert Hofstede and their implications for organizations.

Understand the concept of locus of control and its effect on individuals’ perception of events in their lives.

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Definitions:

Autonomy

The capacity to make an informed, uncoerced decision; often discussed as a critical element of self-governance and personal freedom.

Competence

The ability of an individual to effectively perform or carry out a specific task or role to the expected standard or beyond.

Relatedness

A psychological need that involves connecting with others and feeling a sense of belonging or attachment.

Autonomy

The capacity to make an informed, uncoerced decision; often used in the context of individuals' control over their own actions and decisions.