If an Employee Is Considering Sharing a New Creative Idea

question 29

Multiple Choice

If an employee is considering sharing a new creative idea with a supervisor, which of the following would most help to support the employee's level of trust in making the decision to share her idea?

• A) The employee has had strong performance appraisals from other supervisors in the past.
• B) The employee is working under a short-term contract with the organization.
• C) The supervisor has demonstrated himself to be an effective problem solver.
• D) The supervisor has a track record of giving employees credit for their contributions.
• E) The supervisor is working under a stable, long-term contract with the organization.

Comprehend the importance of input markets and their relation to output markets.

Evaluate the effects of shifts in demand and supply on resource allocation and industry costs.

Understand the concept of Pareto Optimality and efficiency in market outcomes.

Distinguish between general equilibrium and partial equilibrium analysis.

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Definitions:

Decision Tree

is a graphical tool used in decision-making, which represents different choices and their possible outcomes, including chance event outcomes, resource costs, and utility.

EMV

Stands for EuroPay, MasterCard, and Visa, a standard for the interoperability of chip cards and chip-card capable payment terminals and ATMs, for authenticating credit and debit card transactions.

Maximin Criterion

A decision-making rule used for minimizing the worst-case scenario loss.

Uncertainty

The state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.