A Manager Assigns Merit Raises to Employees Based on Performance

question 91

Multiple Choice

A manager assigns merit raises to employees based on performance. An employee comes to the manager to complain about not getting a higher merit raise. Which of the following is an adult response?

• A) "I want to know why I didn't get a larger merit raise."
• B) "Bill got a larger merit raise than I did. Will you please explain what Bill does that I don't so that I can do better the next round?"
• C) "It's your job to give objective and fair merit raises. So why didn't you do it?"
• D) "You were not fair in giving me that merit raise. I'm a better worker than the two people who got the largest raises?"

Comprehend the concept of diminishing marginal returns and its effect on cost curves.

Grasp the factors leading to shifts or movements along the cost curves in the short run.

Recognize the significance of fixed, variable, and marginal costs in determining profit-maximizing output levels.

Interpret graphs and tables to determine cost relationships and cost behavior in a firm.

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Definitions:

Conflict Situations

Situations where disagreements or disputes arise between individuals or groups due to opposing interests or needs.

Business World

The global sphere of commerce and trade, encompassing all activities, practices, and industries involved in the provision of goods and services.

Causes Of Conflict

A range of underlying reasons or conditions that lead individuals or groups to engage in opposition or discord.

Potential Pitfalls

Foreseeable obstacles or challenges that could hinder progress or success.