The Liberal Arts Faculty Failed to See the Reason That

question 99

Multiple Choice

The Liberal Arts faculty failed to see the reason that every professor on campus would not make exactly the same amount of money,arguing that every person is of equal value.The business faculty relied on the laws of supply and demand and market forces to guide their wages and couldn't fathom why their counterparts could be such dunderheads.The source of conflict between these two groups is:

• A)Differentiation.
• B)Uncertainty.
• C)Reward systems.
• D)Structural.

---

Definitions:

Present Value

The present worth of a future amount of money or series of cash inflows using a designated return rate.

Inflation

The rate at which the general level of prices for goods and services is rising, leading to a decrease in purchasing power.

Barrel Of Oil

A unit of measure for crude oil and other petroleum products, equivalent to 42 U.S. gallons.

Energy Efficiency

The measure of how well energy is converted into desired outputs, with higher efficiency indicating less energy waste.