QUESTIONS WITH CORRECT
ANSWERS GRADED A+
◍ psychological contract breach.
Answer: Violation of the unwritten understanding between the employee
and the organization regarding expectations.
◍ Elasticity equation.
Answer: % change in quantity demanded / % change in price
◍ job satisfaction.
Answer: The feelings people have toward their jobs.
◍ > 1.
Answer: elastic
◍ < 1.
Answer: inelastic
◍ job performance.
Answer: Also known as in-role performance, the degree to which an
employee successfully fulfills the factors included in the job description.
◍ = 1.
Answer: unit elastic
◍ whistleblowers.
Answer: People who report wrongdoing.
◍ counterproductive work behaviors (CWB).
Answer: Intentional employee behaviors that harm the organization.
◍ attitude.
, Answer: Our opinions, beliefs, and feelings about aspects of our
environment.
◍ When demand is elastic & price increases, the revenue....
Answer: decreases
◍ When demand is inelastic & price increases, the revenue....
Answer: increases
◍ exit interview.
Answer: A meeting with the departing employee.
◍ job engagement.
Answer: Investment of one's mental, emotional, and physical energies at
work.
◍ When demand is unit elastic & price increases, the revenue...
Answer: does not change
◍ organizational citizenship behaviors (OCB).
Answer: Voluntary behaviors employees perform to help others and benefit
the organization.
◍ person-organization fit.
Answer: The degree to which a person's values, personality, goals, and other
characteristics match those of the organization.
◍ Total revenue.
Answer: price x quantity
◍ What does the price elasticity of demand coefficient measure?.
Answer: Consumer response to a change in price
◍ Demand is elastic when an increase in price....
Answer: reduces the quantity demanded a lot
◍ organizational commitment.
Answer: The emotional attachment people have toward the company they
work for.