The Worker Adjustment and Retraining Notification Act (WARN)requires

question 40

Multiple Choice

The Worker Adjustment and Retraining Notification Act (WARN) requires:

• A) Unemployment pay for fired workers
• B) 60 days notice of plant closures for employers with over 100 employees
• C) 100 days notice of plant closures for employers with over 60 employees
• D) notice only to senior managers of plant closings

Distinguish between psychological and physiological states in the context of needs and drives.

Describe how physiological needs lead to the activation of drives.

Explain the concept of optimum arousal theory and its effect on performance.

Define and differentiate between instinct, need, drive, and reflex in the context of motivation.

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Definitions:

Elastic Demand

Product or resource demand whose price elasticity of demand is greater than 1, so that any given percentage change in price leads to a larger percentage change in quantity demanded. As a result, quantity demanded is relatively sensitive to (elastic with respect to) price.

Output Effect

The change in total output resulting from adjusting the production of one good in response to price changes, while holding utility constant.

Fixed Proportions

A production process where inputs are used in strict, unchangeable ratios.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute one good for another.