Which Statement Is FALSE

question 284

Multiple Choice

Which statement is FALSE?

• A) A frost that destroys half the orange crop will create a surplus of oranges.
• B) It is possible to have a shortage of a good even if its supplies are abundant.
• C) Politicians often blame speculators and profiteers for rising prices rather than changes in supply and demand.
• D) To eliminate a shortage, prices must rise.

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Definitions:

Agency Theory

Addresses potential conflicts of interests among different groups of stakeholders in an organization. The name of the theory and some of its basic principles are derived from the fact that, in most modern organizations, the individuals who own a firm do not actually run it on a daily basis. Problems arise when the interests of the owners (the principals) are in conflict with the interests of the managers (agents).

HR Managers

Professionals responsible for overseeing the human resources department, implementing HRM practices, and ensuring effective use of employee talent and resources.

Conflicts of Interest

Situations where an individual's personal interests could potentially interfere with their professional duties or responsibilities.

Intrinsic Motivation

Is the motivation to do work because it is interesting, engaging, or possibly challenging rather than because someone is rewarding us to do the work.