Exhibit 18-5 -In Exhibit 18-5, If the World Price of a Baseball

question 152

Multiple Choice

Exhibit 18-5
-In Exhibit 18-5, if the world price of a baseball is $3 and a tariff of $1 per baseball is imposed in the United States, how much tariff revenue will the United States government collect?

• A)$4,000
• B)$16,000
• C)$20,000
• D)$24,000
• E)$48,000

Appreciate the need for evidence-based management in decision-making processes.

Understand the concept of organizational climate and its distinction from organizational behavior.

Comprehend the principles of managing through supporting, empowering, and coaching rather than controlling.

Know the impact of job satisfaction on employee behavior and organizational outcomes.

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Definitions:

Socially Responsible

Describes businesses or practices that operate in a manner that considers the welfare of society and the environment.

Roofing Company

A business that specializes in the installation, repair, and maintenance of roofs on buildings and homes.

Deposit

A sum of money placed in a bank account or with a financial institution as a part of a transaction or as security.

Unethical Decision

Choices that violate moral principles and do not conform to accepted standards of conduct.