Franco Is Loyal to His Organization as He Is Very

question 155

Multiple Choice

Franco is loyal to his organization as he is very happy with his pay, his incentives, and all other employee benefits. This implies that he has a(n) _____ toward his organization.

• A) emotional commitment
• B) rational commitment
• C) self-serving bias
• D) cognitive dissonance
• E) affective commitment

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Definitions:

Profits

The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Oil Future Contract

A legal agreement to buy or sell a specific amount of crude oil at a predetermined price at a specified time in the future.

Spot Price

The existing cost at which an asset is available for immediate purchase or sale.

Profit/Loss

The financial result of business operations or investment activities, calculated as the difference between revenues and the costs associated with generating those revenues.