Additional Case 2.4 Dorenda Owns a Small Business, and She Has Asked You

question 70

Multiple Choice

Additional Case 2.4
Dorenda owns a small business, and she has asked you for HR advice. Her company has a handful of permanent employees, but the work force consists mainly of contract workers. Dorenda typically employs various contractors for three-month projects. Permanent employees typically quit within one year of being hired.
Dorenda wants to increase her permanent employees' motivation, so she has set general goals for them to meet. She also plans to hire some more permanent employees, but she first wants to determine what skills, knowledge, and abilities job candidates need to have in order to meet specific company needs.
-Refer to Additional Case 2.4.You anticipate that Dorenda's choices regarding employee motivation will not produce the results she wants because:

• A) the goals lack specificity and employee input.
• B) there are too few hygiene factors in comparison to motivators.
• C) employees are more motivated in a decentralized organization.
• D) the goals are too challenging and frequent feedback creates employee anxiety.

Calculate a firm's most efficient output.

Determine the minimum acceptable price for a firm in the long run to cover its costs.

Understand the concept and importance of variables in research.

Identify and describe different types of relationships between variables (positive linear, negative linear, curvilinear, and no relationship).

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Definitions:

Monthly Payments

Regular payments made every month, commonly associated with loans, mortgages, or subscription services.

Loan

A sum of money that is borrowed, typically from a financial institution, which is expected to be paid back with interest.

Compounded Semi-annually

Interest calculation where interest earned over six months is added to the principal, affecting future interest computations.

Monthly Payments

Regular payments made each month, often towards the repayment of a loan or mortgage.