The phenomenon that states that a job expands to fill the time available to accomplish a task is called: a. Pareto’s principle b. Parkinson’s Law c. The Peter Principle d. Northcote’s Law ANSWER B
Seat belts are not cost-effective highway safety devices because so many of them must be installed and go unused that there cost is high. Indicate whether the statement is true or false ANSWER F Seat belts are deemed one of the most cost-effective motor vehicle safety devices because they save lives at low cost. […]
Trends in the workplace include this leading one: a. In recent years, being underemployed, having employment beneath one’s level of education and experience b. Longer lunch hours c. Kinder, more empathetic bosses d. More work space, larger private offices ANSWER A
A lack of vehicle compatibility is a serious problem for highway safety. Indicate whether the statement is true or false ANSWER T Adjustment of truck and SUV bumpers so they do not over ride protections in smaller vehicles has reduced fatalities in crashes with such vehicles.
About ________________ of all Americans volunteer each year in the non-profit sector. a. one-tenth b. one-quarter c. one-half d. 90% ANSWER C
Workers covered by defined contribution pension plans retire at later ages than workers covered by defined benefit plans. Indicate whether the statement is true or false ANSWER T Eighty percent of workers under defined benefit plans retire by age 65, but only 60 percent of workers under defined contribution plans do.
Pareto’s Principle states that: a. 20 percent of the time expended produces 80 percent of the results b. 90 percent of the time spent produces 10 percent of the results c. 75 percent of time is wasted d. A task or job fills the time available ANSWER A
Compared with other worker complaints, developing proof of discrimination is particularly difficult. Indicate whether the statement is true or false ANSWER T Workers must often rely on circumstantial evidence and must also meet timing requirements.
By increasing transaction speed, electronic trading in stock markets has affected the trade off between size of marketwhich can reduce the search an investor must make to compare investmentsand transaction speed. Indicate whether the statement is true or false ANSWER T This is one reason stock markets are merging, even across national boundaries.
In economic theory, an unemployment rate of _________ considered desirable. a. 5 percent or less b. 9 to 10 percent c. Under 12 percent d. 18 percent ANSWER A