Assume That the Characteristic Functions for Individuals 1,2, and 3

question 41

Multiple Choice

Assume that the characteristic functions for individuals 1,2, and 3 are given by V(1) = $20, V(2) = $16, and V(3) = $10 respectively, and value created by the coalition V(1,2,3) = $60.If the payoff to individual 1 is $30, and that to individuals 2 and 3 is $15 each, which of the following statements is true?

• A)The given allocation is within the core.
• B)2 and 3 will withdraw from the coalition.
• C)2 will block the imputation.
• D)This allocation is individually rational for all.

Identify strategies for building positive relationships and environments at work, especially with younger generations.

Analyze the relationships between job satisfaction, personal happiness, and work performance.

Understand the impact of managerial feedback on employee motivation and performance.

Recognize the significance of immediate Vs. delayed reinforcement.

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Definitions:

Managing Diversity

The act of recognizing, comprehending, embracing, and appreciating diversity among individuals in terms of age, socioeconomic status, ethnicity, gender, physical and mental capabilities, racial background, sexual identity, religious beliefs, and reliance on social support programs.

Organizational Culture

The shared values, beliefs, and practices that influence the way work is done and how people interact within an organization, shaping its environment and ethos.

Political Response Continuum

A range of actions or strategies an individual or organization might employ in response to political events, pressures, or environments, from passive to active engagement.

Petroleum Company

An organization engaged in the exploration, extraction, refining, transporting, and selling of petroleum products.