Brian Is the Owner of a Firm That Produces Bottled

question 312

Multiple Choice

Brian is the owner of a firm that produces bottled water in Washington state. There are many other such firms in the area. Brian decides that if he pays his workers a wage higher than the going market wage, his profits will increase. Which of the following is a likely explanation for his decision?

• A)The higher the wage, the less often his workers will choose to leave his firm.
• B)The higher the wage, the lower will be the cost of obtaining needed supplies.
• C)The higher the wage, the more he can charge for his water.
• D)The higher the wage, the more he will have to monitor his workers for shirking.

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Definitions:

Self-Esteem

One’s overall subjective sense of personal worth or value.

Pessimistic Explanatory

A cognitive style where individuals tend to attribute negative events to stable, internal, and global factors in their explanations.

Learned Helplessness

A circumstance in which an individual is afflicted by a profound sense of impotence, often triggered by a traumatic incident or continual lack of achievement.

Break-Up

The termination of a romantic relationship, often involving emotional distress for one or both parties involved.