Petra Made a Large Mistake on a Report She Submitted

question 14

Multiple Choice

Petra made a large mistake on a report she submitted to her boss,and it ended up costing the company a significant amount of money.When asked why this had occurred,she blamed one of her coworkers for giving her erroneous information for the report.Petra is expressing

• A) low agreeableness.
• B) an external locus of control.
• C) organizational citizenship behavior.
• D) counterproductive work behavior.
• E) low emotional stability.

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Definitions:

Consumer Surplus

The difference between the maximum price a consumer is willing to pay for a good or service and the actual price they pay.

Producer Surplus

The difference between the amount producers are willing to sell a good for and the actual amount they receive by selling it at the market price.

Total Surplus

The sum of consumer and producer surplus; represents the total net benefit to society from the production and consumption of a good or service.

Deadweight Loss

Economic efficiency is lost when the balance for a good or service is either not met or unattainable.