Managers Can Use the Contingency Approach When Helping Employees Deal

question 51

Multiple Choice

Managers can use the contingency approach when helping employees deal with change. If the employees fears or dislikes change, the manager should ____________________.

• A) direct attention to potential problems.
• B) threaten punishment if the employee does not conform.
• C) be a positive role model for the vision of a better way.
• D) set broader more challenging goals
• E) agree that success is unlikely but suggest they still try anyway.

Understand the impact of the 1970s oil embargoes on inflation and employment.

Comprehend the basis of the short-run Phillips curve and its implications for inflation and unemployment.

Recognize the rational expectations theory and its implications for monetary policy decisions.

Understand why a fixed-growth-rate monetary policy is not widely embraced.

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Definitions:

Disposable Income

The capital households have left for spending and saving after paying income taxes.

Disposable Income

The financial capacity of households to spend and save, net of income taxes.

Savings

The part of earnings not used for purchasing goods or services, typically saved for investing or future needs.

Disposable Income

Indicates the sum of funds households can allocate towards expenditure and savings once income taxes have been deducted.