Research Suggests That, When People Are Given Objective Power Over

question 84

Multiple Choice

Research suggests that, when people are given objective power over others (e.g., the ability to hire or fire employees, or to issue pay cuts or bonuses) they tend, in general, ____.

• A) to "throw it around" and take credit for accomplishments
• B) to fail to use it at all
• C) to use it for the good-only when necessary or to help others
• D) to be very uncomfortable using it at first, but to gradually learn how to use it for the good-only when necessary or to help others

Predict the impact of changes in demand and supply on market prices and the quantity produced.

Understand the conditions under which firms in a competitive market earn zero economic profit in the long run.

Identify the impact of factor prices on the market supply curve in the long term.

Understand the concept of a constant cost industry and its characteristics.

---

Definitions:

External Complexity

The degree of complexity in a project that arises from factors outside the organization, such as market conditions or regulations.

Project Management

The application of processes, methods, skills, knowledge, and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters.

Available Resources

Refers to the tools, personnel, time, and other assets that are accessible and can be utilized to achieve project objectives.

Risk Mitigation

Strategies and approaches used to reduce or control the probability and impact of negative events or risks on a project.