Economic Theory Indicates That the Behavior of

question 149

Multiple Choice

Economic theory indicates that the behavior of

• A) government employees differs from the behavior of employees in the private sector because government employees generally disregard their own personal self-interest when making decisions.
• B) elected public officials differs from the behavior of all other individuals in society because they are not influenced by private interests.
• C) individuals when they make decisions about who to vote for is very different from the behavior of these same individuals when they make other types of choices.
• D) voters, government employees, and public officials is best understood by applying the same basic principle we use to predict the behavior of people in the private sector--that incentives matter.

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Definitions:

Social Entrepreneurship

The practice of developing, funding, and implementing solutions to social, cultural, or environmental issues through a business model.

Moral Management

An approach where managers make decisions and lead in ways that are ethical and focused on the well-being of all stakeholders.

Amorally

A way of behaving or making decisions without considering the morality or ethical implications.

Human Resource Foundation

The basic principles and practices upon which the management of people in an organization is built, including recruitment, selection, training, and development.