A Manager Can ___ an Employee by Administering an Unpleasant

question 84

Multiple Choice

A manager can ___ an employee by administering an unpleasant outcome, such as a verbal reprimand, pay reduction, or demotion.

• A) encourage
• B) satisfy
• C) punish
• D) reward
• E) reinforce

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Definitions:

Strategic Behavior

Self-interested economic actions that take into account the expected reactions of others.

Dominant Strategy

A strategy that always results in the highest payoff for a player, regardless of the opponents' actions.

Nash Equilibrium

The situation that occurs in some simultaneous games wherein every player is playing his or her dominant strategy at the same time and thus no player has any reason to change behavior.

Repeated Games

A strategic situation in which the same game (a set of strategies and payoffs) is played multiple times, allowing for strategy evolution over time.