An Excessive and Irrational Fear of an Object, Place, or Situation

question 1

Multiple Choice

An excessive and irrational fear of an object, place, or situation is called:

• A) depression.
• B) a phobia.
• C) learned helplessness.
• D) posttraumatic stress disorder.

Identify the limitations and value of codes of ethical conduct in organizations.

Describe the importance and components of ethics training in promoting organizational ethics.

Explain the concept of moral, amoral, and immoral managers and their impact on ethical decision-making.

Understand the mechanisms for instilling ethical behavior in an organization.

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Definitions:

Allocative Efficiency

A state of the economy in which the distribution of resources among different uses is optimized, leading to an optimal level of consumer satisfaction.

Productive Efficiency

A situation in which an economy or entity is operating at maximum capacity, producing goods or services at the lowest possible cost.

Long-Run Equilibrium

A state in economics where all factors of production and outputs in an industry or market adjust fully to any changes, leading to a stable condition where no participant has an incentive to change behavior.

Spillovers

Economic events in one context that have effects on a third party or in a different context, often external to the initial economic activity.