The Question, "How Satisfied Are You with Your Work Group

question 1

Multiple Choice

The question, "how satisfied are you with your work group?" was asked of five groups using a five-point scale where 1= very dissatisfied and 5 = very satisfied. Which group is most satisfied?

• A) Mean = 4.0; standard deviation = .60
• B) Mean = 4.2; standard deviation = .65
• C) Mean = 4.1; standard deviation = .65
• D) Mean = 4.2; standard deviation = .90

---

Definitions:

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, indicating a firm's surplus beyond the normal profit level.

Price-Searcher Market

A market structure where sellers have the ability to control or influence prices due to a lack of perfect competition.

Fast Food Market

The sector of the food service industry that specializes in food that can be prepared and served quickly.

Market Analysis

The examination of the size, trends, and competition in a particular market, intended to inform business decisions and strategy development.