If an Average Home in Your Town Currently Costs $350,000

question 29

Multiple Choice

If an average home in your town currently costs $350,000, and house prices are expected to grow at an average rate of 3 percent per year, what will an average house cost in "5" years?

• A) $402,500.00
• B) $405,168.75
• C) $405,745.93
• D) $507,500.00

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Definitions:

Organizational Citizenship Behaviour

Organizational Citizenship Behaviour is the voluntary commitment of employees beyond formal job responsibilities, contributing to organizational effectiveness.

Withdrawal Response

A defensive reaction where an individual retreats or disengages from a situation, often due to stress or confrontation.

Job Dissatisfaction

A negative emotional state resulting from aspects of one's job or work environment not meeting their needs or expectations.

Honeymoon Effect

The initial phase of a new position or relationship where everything seems positive and any shortcomings are overlooked.