In Completing a Big 5 Personality Inventory,Manuel Was Found to Have

question 34

Multiple Choice

In completing a Big 5 personality inventory,Manuel was found to have high openness to experience.He would be attracted to an organization like

• A)Target where jobs tend to be structured in their duties and responsibilities.
• B)the IRS,which has a bureaucratic structure and authoritarian decision making processes.
• C)Google with a laid-back,innovative culture.
• D)General Motors with a tradition-bound culture experiencing serious viability issues.

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Definitions:

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for some degree of market power and differentiated competition.

Excess Capacity

The failure to produce enough to minimize average total cost; characteristic of monopolistically competitive firms.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the total quantity produced.

Marginal Cost

This represents the extra expense of manufacturing or producing an additional item, highlighting the concept of decreasing efficiency with increased production volume.