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Herzberg believed pay would not motivate employees. Suppose that we observe Joe staying open 3
hours per day. Add to these an increased number of people remaining inland, and this leaves coastal
regions which specialize in factory production and exports with a large number of job openings.The
labor shortages are resulting in wage increases, pushing up costs on Chinese-made products. The
development of agriculture as caused by religion and. Although these are two different things it
shows that companies have seen the importance of offering company benefits to employees as it
motivates them and shows that the company is a pleasant and caring environment to work in.
Monetary policy. b. Fiscal policy. c. Income policy. d. Foreign-trade policy. 36. On October 24, 1929,
the US stock market crashed. I created a questionnaire to take to the newsagents, and obtain
information about how the business has been affected, and how it has dealt with the effects. This is
very important as it allows the staff to feel comfortable and happy where they work and results in
them feeling motivated to achieve the best they can, either for the company or for a bonus. C) An
increase in interest rates lowers the money supply and raises the money demand, which will
neutralize price increases. Zero; the gains and losses would cancel out. b. Positive; a net gain for the
world and each country. c. Negative; a net loss for the world and each country. d. Impossible to tell;
the net result could be zero, positive, or negative. 3. Comparative advantage refers to: a. There are six
questions on the exam; you should work. Structural unemployment. b. Frictional unemployment. c.
Cyclical unemployment. d. Seasonal unemployment 29. The motivation-hygiene theory was
developed to explain these results, the satisfying factors were called motivators and the dissatisfying
factors were called hygiene. Since the fertility and birth rates have increased, in 5-10years, when
these babies grow up, they will form part of the newsagent’s customer market for confectionary.
Anticipating a continuation of rising costs for Chinese manufacturing, international manufacturers
are already looking at moving factories to countries with lower costs.The increase in wages is also
fueling a growing Chinese middle class. Since it is not easy to achieve economies of scale, as it takes
time, I would recommend diversifying, as it will allow the Shop access to new markets, and
therefore profits, as well as advertising, even if it is on a small scale, i.e., local newspaper or shop
window advertisements, to raise awareness of the shop to potential customers. Economics in a
European Context Coursework - Monetary Union. Law enforcement officials have reported an
increase in counterfeit currency since the beginning of the most recent recession. This will also make
the employees feel more motivated as they will see that the company they work for has been voted
the best store for clothing and footwear, this will make them feel proud and more motivated to work
for an established company with such a good reputation. People start to crave the need for
affectionate relationships such as a partner, friends or even children. Rising wages could create an
increased demand for imports, and factories have started moving inland, where labor is more readily
available.This Application reinforces the basic definition of economics, which is theA) possible or
feasible combinations of an economy's production options. Comparing this with the questionnaire
results we see that a high majority of employees said they were motivated when they go to work,
this shows that Marks and Spencer are successful at keeping their employees motivating. This means
that people with existing loans will be paying more per month to cover the higher rate of interest;
this means that they will have less disposable income which means that luxuries will have to be
reduced, also people will be encouraged to save their money in banks instead of spending it because
they will get a greater reward for saving, so in theory if interest rates rise the amount that people
spend should decrease. Lower unemployment rates. b. Higher prices. c. Lower real output. d. Higher
interest rates. 22. Real GDP measures changes in: a. Prices. b. Production. c. Prices and production.
d. Wages. 23. Which of the following would be counted as a member of the labor force? a. The
lower needs on the pyramid are basic and similar to those possessed by animals, but only humans
possess the higher needs. Thornton believed for a person to successfully achieve confidence they
must actually accomplish their targets and achieve something. D) forces that affect economic activity
and predict the consequences of alternative actions. This shows that there are a low number of
employees who are having a bad time at work and this should be sorted out as soon as possible. A
lack of the esteem needs gives feelings of inferiority and discouragement. Report this Document
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enhanced description Trade balance has been in deficit since the mid-1970s.
In this he described how the application of the scientific method to the management of workers
could greatly improve productivity. An increase in taxes to help cover the rising expenses of
entitlement programs would Page 43. Which of the following was the immediate effect? a. Q. 1.
Please, provide TWO examples which show that people around the world are still very different from
each other, despite advances in technology and transportation. The number of people going to
college has also increased significantly. Complaints that Taylorism was dehumanizing led to an
investigation by the United States Congress. B) increase the real value of the counterfeit currency.
The fact that they will be given bonuses due to the rising profits of the company will motivate them
further and encourage them to help build the company as they will also personally benefit. Report
this Document Download now Save Save Economics Exam Questions For Later 0 ratings 0% found
this document useful (0 votes) 894 views 11 pages Economics Exam Questions Uploaded by
mastersaphr1898 AI-enhanced description Trade balance has been in deficit since the mid-1970s. A
new assignment is a new challenge and new skills are picked up. Scholars can use them for free to
gain inspiration and new creative ideas for their writing assignments. Anticipating a continuation of
rising costs for Chinese manufacturing, international manufacturers are already looking at moving
factories to countries with lower costs.The increase in wages is also fueling a growing Chinese
middle class. When the employee is given a balance of all three then they are motivated and more
efficient, they also have a higher level of satisfaction in their work. Following the Fed's
announcement, stock futures fell, 10-year Treasury note yields rose, and the dollar experienced a
slight appreciation in value. From a test well extending more than 5 miles in depth, Chevron was able
to extract 6000 barrels of high-quality crude oil per day. Professor Elton Mayo believed essentially it
was the fact that the workers felt they were being paid more attention that increased their level of
productivity. There are six questions on the exam; you should work. When it does not change its
capital usage, but doubles its labor input, its output increases by less than 50 percent. However
motivation is when somebody wants to do something. New home sales declined in the Northeast,
South, and West, with only the Midwest showing a small gain. This resource hasn't been reviewed
yet To ensure quality for our reviews, only customers who have downloaded this resource can review
it Report this resource to let us know if it violates our terms and conditions. He claimed employees
could be bribed to move, they would. Using Extract A, identify two significant points of comparison
between public expenditure as a percentage of GAP and unemployment over the period shown.
However employees shouldn’t be over coached as it could diminish their initiative and make them
more dependant. This is very important as it allows the staff to feel comfortable and happy where
they work and results in them feeling motivated to achieve the best they can, either for the company
or for a bonus. An arrangement that allows buyers and sellers to exchange things is called A) a
contract. By shifting some of its services to the Philippines, Tribune Co. Million to around 1. 6
million. Secondly, public expenditure as a percentage of GAP was lowest around 1999 to 2000 at
36% of GAP and highest around 2009 to 2010 at 47%. Comparing this with the questionnaire results
we see that a high majority of employees said they were motivated when they go to work, this shows
that Marks and Spencer are successful at keeping their employees motivating. This is very motivating
to the staff as they feel they are valued.
The opposite of dissatisfaction is not satisfaction, it is no dissatisfaction. If an employees skills aren’t
being fully utilised it will result in motivation problems. Joe believes that the volatility of a stock is
higher than indicated. At this point, we are currently in a recovery, this means that inflation is rising
due to increased demand, to try and curb the increasing supply the Monetary Policy Committee are
increasing Interest rates, this will increase savings as there are more rewards, and decrease things
such as house loans as they become too expensive. B) there are not enough goods to satisfy all of the
buyers' demand. Monetary policy. b. Fiscal policy. c. Income policy. d. Foreign-trade policy. 36. On
October 24, 1929, the US stock market crashed. The Pixar Way: 37 Quotes on Developing and
Maintaining a Creative Company (fr. This resource hasn't been reviewed yet To ensure quality for our
reviews, only customers who have purchased this resource can review it Report this resource to let us
know if it violates our terms and conditions. The process by which poorer nations can close the gap
between their level of GDP per capita and the GDP per capita of richer nations is calledA) the
virtuous circle. This should make the employee feel as if their lives are valued and cared about, and
should result in them feeling more motivated. Herzberg emphasised that the factors that cause
satisfaction and dissatisfaction are two different feelings and cannot be treated as the opposites of
each other. They also include the need to keep a pH balance and the right temperature. We can also
see that the majority of employees who answered the questionnaire said their pay was their largest
motivating factor. But as many of the items are considered luxuries, such as chocolate bars and other
confectionary, they would most likely be price elastic, meaning that the shops profits would drop.
They will also have more knowledge of other work environments so will be able to compare their
past experience of working to the conditions at Marks and Spencer whilst answering the
questionnaire. This paper contains 20 Multiple Choice Questions type questions of 1 mark each. 3.
This paper contains 4 Short Answer Questions type questions of 3 marks each to be answered in 60
to 80 words. 4. This paper contains 6 Short Answer Questions type questions of 4 marks each to be
answered in 80 to 100 words. 5. This paper contains 4 Long Answer Questions type questions of 6
marks each to be answered in 100 to 150 words. If consumers expect automakers to offer rebates
next month, consumers will: a. When it does not change its capital usage, but doubles its labor input,
its output increases by less than 50 percent. A movement from curve AD1 to curve AD0 could be
caused by a(n) A) increase in the money supply.B) decrease in taxes.C) increase in the price level.
The use of stopwatches often was a protested issue and led to a strike at one factory where
“Taylorism” was being tested. A) Should the college reduce tuition for out-of-state residents. The
lower needs on the pyramid are basic and similar to those possessed by animals, but only humans
possess the higher needs. They will be left feeling needed and taken care of and this will increase
their level of motivation. However Next offer their employees 25% and Marks and Spencer only
offer 20%. Unless the owner realised that certain items are Price elastic, and dropped the price to
increase demand, therefore increasing the profits. Not all conditions were changed for the better and
they included things like pay, rest breaks, light levels, humidity etc. However motivation is when
somebody wants to do something. Complaints that Taylorism was dehumanizing led to an
investigation by the United States Congress. The discount offered to staff will also benefit the
company as it will increase company loyalty. This shows that Marks and Spencer do consider
motivation to be important and due to this they continuosly spend time and money on their
employees.
The lower needs on the pyramid are basic and similar to those possessed by animals, but only humans
possess the higher needs. D) forces that affect economic activity and predict the consequences of
alternative actions. See other similar resources ?5.50 (no rating) 0 reviews BUY NOW Save for later
Not quite what you were looking for. I created a questionnaire to take to the newsagents, and obtain
information about how the business has been affected, and how it has dealt with the effects. The fact
that Marks and Spencer were willing to spend so much money and didn’t select a few employees but
sent all employees to the motivation talks shows their commitment to make their employees feel
valued and motivated. Which of the following was the immediate effect? a. The Newsagent’s
competition has stayed reasonably the same, as the Newsagents manages to offer a “Connivance
Factor” that the larger supermarkets cannot offer. Zero; the gains and losses would cancel out. b.
Positive; a net gain for the world and each country. c. Negative; a net loss for the world and each
country. d. Impossible to tell; the net result could be zero, positive, or negative. 3. Comparative
advantage refers to: a. Law enforcement officials have reported an increase in counterfeit currency
since the beginning of the most recent recession. A new assignment is a new challenge and new skills
are picked up. Demand is fully satisfied at all alternative prices. b. The buying intentions of all
consumers are realized. Page 3. Surprisingly as various conditions were manipulated each change
increased the productivity of workers, including the eventual change back to normal conditions. The
discount offered to staff will also benefit the company as it will increase company loyalty. The yarn
is then sold to a knitting mill, which produces and sells sweaters. Inflation is also rising, but many
peoples wages are Index linked (they increase in relation to inflation so this effect is limited). This
shows that there are a low number of employees who are having a bad time at work and this should
be sorted out as soon as possible. Someone else just bought a straw hat for two turtles. France has a
comparative advantage in the production of wine. b. France has a comparative advantage in the
production of wheat. c. Neither country has a comparative advantage in the production of either
good. d. The United States has an absolute advantage in the production of both goods. 5. Suppose
that Brazil has a comparative advantage in coffee and Mexico has a comparative advantage in
tomatoes. The job cuts represent approximately 1 percent of Tribune’s publishing operations.
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present. Upon arriving at
the island, you make a stop at one of the markets and notice that everyone is carrying around jars full
of little turtles. This is as they would feel ignored and that their hard work has not been recognized,
and other people are rewarded and they are not. Their duties include; serving and assisting
customers, stock replenishment, and general cleaning and tidying to keep the shop looking at its best.
The motivation-hygiene theory was developed to explain these results, the satisfying factors were
called motivators and the dissatisfying factors were called hygiene. Marks and Spencer is a large
organization and that out of 30 people for 4 people to say were not motivated, this is a very small
minority amount. Each level of need is dependent on the levels below. This is a vital point to ensure
that employees work efficiently, if they feel happy and motivated then they will work better and be
more productive. By shifting some of its services to the Philippines, Tribune Co. It can also be the
money that someone may gain through different things such as benefits (welfare), wages after taxes.
Although Marks and Spencer has more Weaknesses than its rival, I think that their advantages are the
relevant ones needed to successfully motivate their employees.
A) Should the college reduce tuition for out-of-state residents. Another weakness is that if one
member of staff is given a reward or bonus for working hard, this could cause envy and
demotivation for other members of staff as they could feel ignored and uncared for. This shows that
Marks and Spencer staff are given responsibility, recognition, have good working conditions, have
set good relationships between employees and have a very good salary. If the shop had had a
mortgage or overdraft, then the varying interest rates would have increased the costs of the shop.
This shows that Marks and Spencer do consider motivation to be important and due to this they
continuosly spend time and money on their employees. The questions that I ask the owner, as well as
the answers are shown below. Herzberg believed pay would not motivate employees. Write a review
Update existing review Submit review Cancel It's good to leave some feedback. Subject: Economics
Age range: 5-7 Resource type: Assessment and revision cynthiaoj 2.00 2 reviews Last updated 30
January 2018 Share this Share through email Share through twitter Share through linkedin Share
through facebook Share through pinterest File previews pdf, 925.5 KB docx, 708.77 KB This is
suitable for year 10 students and can be used to assess year 11 economics students preparing for
IGCSE. Not all conditions were changed for the better and they included things like pay, rest
breaks, light levels, humidity etc. RachelPearson36 Unlocking the Power of ChatGPT and AI in
Testing - A Real-World Look, present. By continuing we’ll assume you’re on board with our. See
other similar resources ?0.00 (no rating) 0 reviews Download Save for later Not quite what you were
looking for. Over a year ago, the newsagents came into new management, about the same time as the
interest rates started to rise. Professor Elton Mayo believed essentially it was the fact that the
workers felt they were being paid more attention that increased their level of productivity. However
everybody who owes more than 4 weeks at any one time automatically gets a bill sent out to them
with their morning paper. He claimed it reinforced behaviour, making it difficult to change their
working methods. After looking at all the data and evidence here, I can conclude that Marks and
Spencer are successful at motivating their employees. The opposite of dissatisfaction is not
satisfaction, it is no dissatisfaction. According to the Application, Poland experienced economic
growth in 2009, yet its unemployment rate was 11 percent, which was above the European average.
Behaviour is learned, earned reward encourages even better performance, thus reinforcing desired
behaviour. If this is not sorted, other employees could listen to their complaining and start feeling
unmotivated. Diversifying is one of the economies of scale that the larger supermarkets benefit from,
which shows that if the shop began to lose revenue, the way to increase the revenue is to appeal to a
newer market and increase the customer base. If an employees skills aren’t being fully utilised it will
result in motivation problems. Based on the sales rate in January 2010, the country had a 9.1-month
inventory of homes, its highest rate since May 2009.The decrease in spending on new homes will,
other things equal,A) increase aggregate demand. In clothing and footwear, Marks and Spencer was
the clear winner with Next coming second. Demand is fully satisfied at all alternative prices. b. The
buying intentions of all consumers are realized. Page 3. At the beginning of the period, public
spending as a percentage of GAP was lower than at the end of the period. Our customer service team
will review your report and will be in touch. ?0.00 (no rating) 0 reviews Download Save for later
?0.00 (no rating) 0 reviews Download Save for later Last updated 11 May 2021 Share this Share
through email Share through twitter Share through linkedin Share through facebook Share through
pinterest myarizona 4.00 1 reviews Not the right resource. It is one of the most iconic and widely
recognized chain stores in the UK with 520 stores, and is the largest clothing retailer in the country,
as well as being a multi-billion food retailer.