Assume That a High Proportion of Recent College Graduates Decides

question 59

Essay

Assume that a high proportion of recent college graduates decides to stay in school seeking advanced degrees,rather than confront the challenge of landing a good job in the midst of generally high unemployment.What is the direct impact of this behavior on the unemployment rate? In the longer term,what indirect impacts might there be on the unemployment rate?

Understand the principles and applications of value-based management in corporate strategies.

Understand the components and implications of Herzberg's two-factor theory on employee motivation.

Comprehend the relationship between expectancy theory and employee motivation including the concepts of valence, expectancy, and instrumentality.

Differentiate between the concepts of economic value added and residual income, and their roles in financial management.

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Definitions:

Utilitarian Justice

A theory in ethics and economics that suggests actions should be judged as morally right if they result in the greatest good for the greatest number of people.

Distributional Justice

The philosophical and theoretical discussions and principles concerning the fair allocation of goods among members of society.

Income Redistribution

The transfer of income from certain individuals or groups to others through mechanisms such as taxation, welfare, and subsidies to achieve economic equity.

Utilitarian Justice

A principle in ethics and political philosophy that actions are right if they are useful or for the benefit of a majority, focusing on outcomes that maximize happiness or reduce suffering.