When New Professors Are Hired, Their Job Performance Is Monitored

question 149

Multiple Choice

When new professors are hired, their job performance is monitored closely. If they meet their institution's standards, they will eventually receive tenure. After receiving tenure, professors' job performance is less closely monitored, and they become difficult to fire. Tenure thus creates

• A)adverse selection.
• B)a Condorcet paradox.
• C)a screening problem.
• D)a moral hazard problem.

Understand the difference between affect and emotion.

Comprehend the various theories of emotion.

Identify the impact of physiological responses on emotional experiences.

Describe how emotional states can be influenced or misattributed.

---

Definitions:

Fixed Overhead Volume Variance

The difference between the budgeted and applied fixed manufacturing overhead, based on the standard volumes expected to be produced.

Standard Quantity

The expected quantity of materials or inputs required for production under normal conditions.

Standard Hours Allowed

The amount of time that should be spent on producing a certain number of units under normal conditions.

Denominator Activity

A term used in cost accounting to refer to the level of activity used to allocate fixed costs to cost units.