Answer:
Cognitive dissonance
Explanation:
Cognitive dissonance is the term which occurs or happen when the tension arises among the attitudes or beliefs of the person and the decision that contradicts with those pre- existing thinking modes.
In short, it means that it occurs when a person select among the two equally unappealing or equally attractive options.
So, in this case, Bill thinks that he had received the best deal for the car, but after purchasing, he noticed the disadvantages of the car as he learned regarding the new cars. Therefore, he is experiencing the cognitive dissonance.
Answer:
Explanation:
This question puts together two different perspectives based on different goals and metrics: economics and ethics. In economics, self interest is the driving force and productivity is one of the metrics used by managers and shareholders in measuring their profit making. In ethics, doing good for people and creating social value is the goal. The results cannot be measured anymore in units of productivity.
Peter Drucker in his famous book "Management: tasks, responsibilities, practices" says : "To know what a business is we have to start with its purpose. Its purpose must lie outside of the business itself. In fact, it must lie in society since business enterprise is an organ of society. There is only one valid definition of business purpose: to create a customer." That means to create value for society and not to maximize the profit.
I shall add a recent message sent by Richard Branson - the creator of Virgin Group - in his book "Screw business as usual" : Doing good can help improve your prospects, your profits and your business; and it can change the world." But with a condition: in that firm to exist an organizational culture based on positive values and not on profit maximization. In conclusion, ethics may impact positively on performance if and only if there is a managerial philosophy based on ethics and not on profit maximization, and on value creation. In this well-defined context profit and profitability are consequences and not driving forces of the whole business.
Answer:
Professionalism.
Explanation:
Professionalism can be defined as an act which typically involves the positive behavior, conduct and attitude that are being exhibited by an employee. Thus, being a professional simply means that the person displays some level of professionalism such as being responsible, punctual, excellent, ethical, respectful, dedicated, dogged etc.
Basically, it is very important and essential for employees to act in a professional manner while performing their job functions or executing various tasks.
Hence, not showing up to work on time on a regular basis could cause your manager to question your professionalism.
Answer:
A) fewer jobs will be created in the United States.
B) companies have increased organizational costs, including insurance costs.
C) there is less global trade.
Explanation:
When war and terrorism run rampant, there are a lot of economic sectors that would experience an increase in demand. Example of this would be tourism And hospitality industry. Nobody really want to have a vacation during wars. So this will made companies in this industry forced to cut off a lot of their employees.
During war, there are also a threat of attacks to the countries that might destroyed a lot of properties owned by the companies. This is why the insurance costs tend to be increased.
War and terrorism tend to resulted in several alliances between different countries. This also could make relationships between countries that previously act as trading partners became strained.
Answer:
The correct words for the blank spaces are (in that order): short; supply; inelastic; long; elastic; responsive.
Explanation:
Supply elasticity refers to the changes in quantity supplied as a result of changes in other factors of production. It measures the responsiveness of the change in the price of that particular good or service offered. In the short term, if there is not enough output, the quantity supplied will be inelastic (less responsive). The opposite happens in the long term with higher levels of output: the supply is likely to become more elastic.