Suppose That in 2014,all Prices in the Economy Double and That

question 154

Multiple Choice

Suppose that in 2014,all prices in the economy double and that all wages and salaries also double.In 2014 you

• A)are worse off than you were in 2013 as you can no longer afford to buy as many goods and services.
• B)are better off than you were in 2013 as your salary is higher than it was in 2013 and you can now buy more goods and services.
• C)are no better off or worse off than you were in 2013 as the purchasing power of your salary has remained the same.
• D)cannot determine whether you are better off or worse off than you were in 2013,because the purchasing power of your salary cannot be determined.

Recognize the impact of immorality in leadership on followers' perceptions and forgiveness.

Understand the indicators that suggest an organization needs to reinforce its values.

Understand the levels and stages of moral development and the characteristics of each level and stage.

Comprehend the origins and meanings of ethics and its significance in moral reasoning.

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Definitions:

Critical Incidents

Specific situations or events that significantly impact operations or personnel, often used in performance assessments and training.

Distributional Error

A distributional error occurs when the rater tends to use only one part of the rating scale.

Rating Scale

A method for assigning a value to a variable or a performance level, often for the purpose of evaluation or assessment.

Rater

An individual who evaluates and provides feedback on the performance of others, commonly used in contexts of employee performance reviews, assessments, and surveys.