Your Fellow Employees Have a Terrible Work Situation

question 35

Multiple Choice

Your fellow employees have a terrible work situation. They work in an old, run-down building with an antiquated heating system. The work itself is tedious and the supervisor is rarely available and only shows up to give reprimands for production shortfalls. Nobody has received a promotion in two years. The work is boring, repetitious, and unrewarding. You have decided to try to apply Herzberg's two-factor theory.
-What action would probably most motivate the employees?

• A) improving working conditions
• B) fixing the heating system
• C) receiving recognition for a job well done
• D) having the supervisor "hang around" more
• E) relying more on punishment for poor performance

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Definitions:

Competitive Firm

A company that operates in a market where there are many buyers and sellers, and no single entity can control the prices.

Purely Competitive

An ideal market scenario where there are many sellers and buyers, each small relative to the market, products are homogeneous, and there is free entry and exit from the market.

Producer Surplus

The divergence between the anticipated payment by producers for a good or service and the actual financial return they obtain.

Allocative Efficiency

An economic state where resources are distributed in a way that maximizes the net benefit to society, ensuring that every good or service is produced up to the point where the last unit provides a benefit to consumers exactly equal to the cost of producing it.