Michael Has Two Finals,accounting and Organizational Behavior,on the Same Day

question 92

Multiple Choice

Michael has two finals,accounting and organizational behavior,on the same day of finals week.Based on expectancy theory,which of the following statements suggest how he should allocate his limited study time?

• A)For the previous three OB exams Michael studied for hours and received below average grades.He spent fewer hours studying for accounting and earned above average grades.He therefore decides to focus his efforts equally on OB and accounting.
• B)Accounting is Michael's major,OB is a general business requirement in his academic program.Michael aspires to be a CPA,so he decides to focus his study time on Accounting.
• C)Michael is switching to another college for a communication major after this semester.His business courses will not count toward his total credits at the new college.His grades on these exams will not matter,but he decides to focus on his accounting anyway.
• D)Michael loved the group work format that his OB instructor used to teach the course and disliked the lecture format utilized by his accounting professor.He decides to focus his attention on OB.

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Definitions:

Price Discrimination

Price Discrimination occurs when a seller charges different prices for the same product or service to different customers, based on factors other than the cost of production.

Individual Demand

The quantity of a good or service that a single consumer is willing and able to purchase at various prices.

Price Discrimination

The strategy where a business sells the same product at different prices to different groups of consumers, based on willingness to pay.

Illegal

Actions or activities that are forbidden by law or statute.