Reuben Had Certain Expectations About His New Job and His

question 29

Multiple Choice

Reuben had certain expectations about his new job and his new company. After three months on the job, Reuben realized that the reality of the job and the organization were different from his expectations. Reuben is likely to be:

• A) less satisfied and less committed but will stay with the organization
• B) less satisfied and less committed and will probably leave the organization
• C) satisfied but not committed and will stay with the organization
• D) satisfied and committed and will stay with the organization

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Definitions:

Unit Price Elastic

A condition where a change in the price of a good or service has a proportional change in the quantity demanded or supplied.

Quantity Demanded

The overall quantity of a product or service that customers are ready to buy at a particular price during a defined timeframe.

Normal Good

A normal good is a type of good for which demand increases when income increases, and falls when income decreases but price remains constant.

Income Rises

An increase in the amount of money received by individuals or entities, typically through wages, dividends, or investments.