Economists Usually Assume That Consumers

question 84

Multiple Choice

Economists usually assume that consumers

• A)are motivated to maximize their profit.
• B)are poor judges of what is best for them.
• C)spend all of their current income.
• D)usually save as much as possible of their income.
• E)are motivated to maximize their utility.

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Definitions:

Vertical Fit

The alignment between an individual's career path and the strategic objectives or needs of the organization.

HR Alignment

The process of ensuring that human resource practices are in harmony with the strategic goals and objectives of an organization.

Enforcing Fit

The process of ensuring that the employees' skills, values, and behaviors align with the organizational culture and requirements.

Severance Pay

A lump-sum payment given to terminated employees by an employer at the time of an employer-initiated termination