Gerald, a Certified Public Accountant, Informs His Client, Simon, a Small

question 75

Multiple Choice

Gerald, a certified public accountant, informs his client, Simon, a small business owner, that Simon's production expenses for the last year were $40,000. Revenues were $100,000. Simon gave up a job that paid $70,000 to open his business. What is Simon's implicit cost of opening his business?

• A) $40,000
• B) $60,000
• C) $70,000
• D) $110,000

Comprehend the emergence and failure of the mass manufacturing/job control unionism model due to economic instability.

Assess the relationship between scientific management principles and modern employment relations issues.

Examine the application and effects of Fordism and Taylorism in the context of assembly line production and labor relations.

Evaluate the impact of employee empowerment and education on workplace efficiency and innovation.

---

Definitions:

Reinforcement

In operant conditioning, a reward that, when applied following a behavior, increases the frequency of that behavior. In classical conditioning, this refers to the pairing of an unconditioned stimulus (such as food) with a conditioned stimulus (such as a bell).

Operant Response

A behavioral response that is influenced by the consequences that follow it, central to B.F. Skinner's operant conditioning theory.

Entity Theory

In Dweck’s theory of motivation, an individual’s belief that abilities are fixed and unchangeable.

Incremental Theory

In Dweck’s theory of motivation, an individual’s belief that abilities can increase with experience and practice.