Ihaveathousandfriends Social Networking Firm Had a Remarkably Profitable Year

question 313

Multiple Choice

Ihaveathousandfriends Social Networking firm had a remarkably profitable year. As a result, its employees expect to receive bonus checks. Which of the following insights into human behavior do the employees exhibit?

• A)People are overconfident.
• B)People care about fairness.
• C)People are reluctant to change their minds.
• D)People are inconsistent over time.

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Definitions:

Unfunded Mandates

Regulations or conditions for receiving grants imposed by the federal government on state and local governments or on private entities, often without providing accompanying funding.

General Revenue Sharing

A federal program in the United States (1972-1987), which provided state and local governments with unrestricted funds to be used at their discretion for a wide range of public purposes.

Block Grants

Financial assistance provided by the federal government to state or local governments for broad purposes, with relatively few restrictions on how the funds may be spent.

Categorical Grants

Funding from the federal government to state or local governments for specific purposes and subject to detailed conditions.