The rate-of-return regulated public utility has a strong profit-seeking motive. Indicate whether the statement is true or false ANSWER F In the typical case, the public utility is limited in the profit it can earn, and it can earn that profit quite easily (it is a monopoly), so it need not strive hard to […]
Date: September 9th, 2020
The ______________ Resource Model illustrated in the book shows the interdependence of resources, how they exchange. a. Foa & Foa b. Elbing c. Hertford & Myers d. Eccles & Ward ANSWER A
Date: September 9th, 2020
Students can change the direction of the greater society through volunteering and other forms of involvement. They are also subject to the greater economy and environment. In the 1990s, college students, for the most part: a. Enjoyed a strong economy with multiple job choices and a technology explosion. b. Flooded into social work and helping […]
Date: September 9th, 2020
Skills, talents, and abilities that people possess can be categorized best as: a. Human resources b. Tangible resources c. Capital resources d. Financial resources ANSWER A
Date: September 9th, 2020
Contestable markets can be competitive with only a few firms. Indicate whether the statement is true or false ANSWER T Entry is so easy in a contestable market that even with just one firm selling, if it sets its price too high entrants will undercut it and steal the market, or at least part […]
Date: September 9th, 2020
Ramsey pricing avoids cross subsidy. Indicate whether the statement is true or false ANSWER F It is possible to have Ramsey prices that cross subsidize.
Date: September 9th, 2020
___________ is a process rather than an end-state, beginning with an unsatisfied need that creates tension or direction. a. Expertise b. Motivation c. Resilience d. Challenge ANSWER B
Date: September 9th, 2020
A two-part price is less efficient than a Ramsey. Indicate whether the statement is true or false ANSWER F The two-part price can be more efficient. Think of it this way: Each part of a two-part price may be set as a Ramsey price and two Ramsey prices should be better than one. With […]
Date: September 9th, 2020
Group decision making by majority rule is more sound than decision making by an individual. Indicate whether the statement is true or false ANSWER F Sometimes majority rule cannot even produce a stable decision, whereas an individual can.
Date: September 9th, 2020
Motivation can be divided into two types: a. Intrinsic and extrinsic b. Planned and non-planned c. Mysterious and obvious d. Achievement-oriented and open-ended ANSWER A
Date: September 9th, 2020
