Gave Japanese Students Opportunities to Harvest Trees in a Simulated

question 38

Multiple Choice

gave Japanese students opportunities to harvest trees in a simulated forest for money.When the students equally shared the costs of planting the forest,the result was that

• A)most of the trees were left to grow too tall for harvesting because the students bickered about the criterion to be used in sharing profits.
• B)most of the trees were harvested before they had grown to the most profitable size.
• C)none of the trees were harvested because the collectivist students did not want to be the first to ask for his or her share.
• D)students made maximum profit not only for themselves individually but for the group.

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Definitions:

Accounts Payable

Money owed by a business to its suppliers shown as a liability on the company’s balance sheet.

Just-in-time

An inventory strategy companies use to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs.

Restrictive Policy

Measures taken by a government or financial institution to limit borrowing and spending in an attempt to curb inflation or stabilize the economy.

Neutral Policy

A stance or policy adopted by an organization or government that is neither supportive nor against a particular issue, aiming for a balanced approach.