Oscar -Oscar and Felix Are the Only Firms That Clean Offices

question 84

Multiple Choice

Oscar

-Oscar and Felix are the only firms that clean offices in a large city. They agree to operate as a cartel. The payoff matrix shows the economic profit that each firm can make. If the game is played repeatedly and Felix and Oscar both use a tit- for- tat strategy, then _______.

• A) Felix will make - $2 million of economic profit and Oscar will cheat
• B) Felix will make $10 million of economic profit and Oscar will cheat
• C) Felix and Oscar will each make $10 million of economic profit
• D) Felix and Oscar will each make $1 million of economic profit

Understand various needs theories and their applications to job satisfaction and motivation.

Comprehend the principles of Herzberg's two-factor theory and recognize motivator factors.

Identify primary mechanisms used by managers to meet employees' lower and higher-level needs.

Explain the role of fairness and equity in motivation according to Equity Theory.

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Definitions:

Anxiety

A feeling of fear, dread, and uneasiness that may occur as a reaction to stress; can affect day-to-day living if severe and persistent.

Rapid Speech

Speech that is faster than normal, which can be a symptom of certain medical conditions or nervous excitement.

Flight of Ideas

A rapid flow of thought, often manifesting as a symptom in conditions like bipolar disorder, characterized by rapid topic changes.

Echolalia

The repetition of words or phrases spoken by others, a speech pattern often found in people with autism and certain other conditions.