DrBeswick Enjoys Teaching College Courses

question 92

Multiple Choice

Dr.Beswick enjoys teaching college courses.She likes the salary as well as the ability to travel in summers.However,she also finds the job challenging and enjoyable.This would imply that she is working for

• A) intrinsic rewards.
• B) extrinsic rewards.
• C) alternative rewards.
• D) total rewards.
• E) justice.

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Definitions:

Four-Firm Concentration Ratio

An economic indicator that measures the combined market share of the top four firms in an industry, used to assess the level of competition.

Market Shares

The proportion of total market sales within an industry that is held by a specific company.

Herfindahl Index

A measure of market concentration used to determine the level of competition within an industry by summing the squares of the market shares for each firm.