Treating Certain People Unfairly and Denying Them the Full Benefits

question 53

Multiple Choice

Treating certain people unfairly and denying them the full benefits of organisational membership is called:

• A) discrimination.
• B) prejudice.
• C) poor quality of work life.
• D) the glass ceiling effect.
• E) selective human resource management.

Understand the Cournot duopoly model and how firms assume the behavior of their rivals.

Grasp the concept of a reaction curve and its role in predicting firm behavior in oligopoly settings.

Define Nash equilibrium and identify conditions for its existence in various market structures.

Calculate the profit-maximizing output and price for monopolists and firms in oligopolistic competition.

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Definitions:

Capital Intensive

An industry or business that requires large amounts of money and resources (such as machinery or equipment) to produce goods or services.

Alternative Technologies

Refers to varying methods, tools, or systems that can be used as substitutes for each other in achieving a similar outcome, often considered in the context of environmental sustainability or efficiency improvements.

Hourly Wage Rate

The compensation employees receive for every hour they work.

Production Technology

The methods, equipment, and processes used to produce goods and services, impacting efficiency and output levels.