Because Jess Didn't Have the Time to Understand the Issue

question 149

Multiple Choice

Because Jess didn't have the time to understand the issue, she did not vote on the amendment about clean energy. Jess's behavior demonstrates the economic principle of

• A) diminishing marginal utility.
• B) voting preferences.
• C) rational ignorance.
• D) minimum differentiation.

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Definitions:

Payroll

The total amount of money that a company is obligated to pay to its employees for a set period or on a given date.

Employee Relations

Employee relations refer to the efforts an organization makes to manage relationships between employers and employees, often aiming to prevent and resolve conflicts, and ensure fair treatment.

HR Functions

HR Functions refer to the various roles and responsibilities of the Human Resources department, including recruitment, training, employee relations, and benefits administration.

Outsourced

The practice of hiring external organizations or individuals to perform tasks, handle operations or provide services that are either difficult to manage or outside the company's core competencies.