Imagine an Economy in Which: (1)pieces of Paper Called Yollars

question 55

Multiple Choice

Imagine an economy in which: (1) pieces of paper called yollars are the only thing that buyers give to sellers when they buy goods and services,so it would be common to use,say,50 yollars to buy a pair of shoes; (2) prices are posted in terms of yardsticks,so you might walk into a grocery store and see that,today,an apple is worth 2 yardsticks;and (3) yardsticks disintegrate overnight,so no yardstick has any value for more than 24 hours.In this economy,

• A)the yardstick is a medium of exchange but it cannot serve as a unit of account.
• B)the yardstick is a unit of account but it cannot serve as a store of value.
• C)the yardstick is a medium of exchange but it cannot serve as a store of value,and the yollar is a unit of account.
• D)the yollar is a unit of account,but it is not a medium of exchange and it is not a liquid asset.

Identify and describe the layers of cultural analysis within an organization.

Recognize the role of symbols, rituals, and stories in transmitting organizational culture.

Explain the processes through which organizations integrate and adapt to their cultures.

Understand the concept of subcultures and countercultures within an organization.

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Definitions:

Positive Organizational Behavior

An area of study within organizational behavior that focuses on the application of positively oriented human resource strengths and psychological capacities to improve organizational outcomes.

Human Capital

The combined abilities, expertise, and non-physical assets of people that contribute to producing economic benefit for themselves, their workplaces, or the broader society.

Human Capital

The skills, knowledge, and experiences possessed by an individual or population, viewed in terms of their value or cost to an organization.

Behavioral Sciences

Fields of study that investigate human behavior and interactions, such as psychology, sociology, and anthropology.