The Privately Owned School System in Smalltown Has a Virtually

question 93

Multiple Choice

The privately owned school system in Smalltown has a virtually unlimited capacity.It accepts all applicants and operates on both tuition and private donations.Although every resident places value on having an educated community,the school's revenues have suffered lately due to a large decline in private donations from the elderly population.If the private market quantity of education is below the socially desirable quantity,how can Smalltown remedy its problem

• A)by having the local government tax local citizens in order to subsidize education
• B)by increasing tuition to compensate for the decrease in donations
• C)by increasing teacher wages
• D)by lowering enrolment

Grasp the concept of corporate scorekeeping and its alignment with organizational strategy.

Recognize the significance of aligning HR practices with organizational strategy for optimal performance.

Understand the financial implications of HR practices, including ROI.

Comprehend the foundational reasons for the establishment of HR departments.

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Definitions:

Clumsy Person

An individual frequently making awkward movements or having accidents due to poor coordination or lack of physical skill.

Self-Serving Bias

The tendency to take credit for one’s successes and to deny responsibility for one’s failures.

False Consensus Effect

Observers’ overestimation of the degree to which everybody else thinks or acts the way they do.

Social Comparison

The process by which individuals evaluate their thoughts, feelings, behaviors, and abilities in relation to others.