Which of the Following Statements Is True of Industrial and Organizational

question 153

Multiple Choice

Which of the following statements is true of industrial and organizational psychology?

• A)Both are centered on the workers in organizations and not on the organizations that employ the workers.
• B)Both industrial and organizational psychologists can prescribe medicines.
• C)Industrial psychology exclusively uses the behavioral approach to psychology,whereas organizational psychology exclusively uses the biological approach to psychology.
• D)Industrial psychology focuses on personnel matters,whereas organizational psychology focuses on organizational leadership.

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Definitions:

Incomplete Information

A situation where all parties in a transaction do not have full knowledge about actions, intentions, or preferences of other parties.

Economic Inefficiencies

Occurrences where resources are not allocated optimally, leading to lost potential output or welfare.

Monopsony

Market with only one buyer.

Public Goods

Public goods are commodities or services that are provided without profit to all members of a society, either by the government or a private individual or organization.