A Manager Recommends an Employee for a Promotion Because the Employee

question 11

Multiple Choice

A manager recommends an employee for a promotion because the employee stood up for the manager during a leadership crisis.Which reward allocation norm led the superior to recommend this employee for promotion?

• A)Reciprocity
• B)Equity
• C)Equality
• D)Social responsibility
• E)Performance

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Definitions:

Long-run Equilibrium

A state in which all firms in a perfectly competitive market earn zero economic profits, with no incentives for new firms to enter or existing firms to exit.

Decrease in Demand

A situation where consumers' willingness and ability to purchase a product at all price levels declines, represented by a leftward shift of the demand curve.

Constant-cost Industry

An industry in which the input prices and production costs remain stable even as the industry output changes.

Economic Profits

The surplus remaining after total costs are subtracted from total revenue, taking into account both explicit and implicit costs.