What would likely raise Olivia's reservation wage is if Olivia learns that the job is more challenging than she initially thought
Reservation price is the least amount of wage that a worker would be willing to accept for services rendered.
<em><u>Factors that lead to changes in reservation wages</u></em>
- Finances: a worker that is in debt or in desperate need of money would have a lower reservation wage when compared with a person that is debt-free. For example, the reservation wage of a billionaire would be higher than the reservation wage of an homeless individual.
- Nature of the job: the more challenging a job is, the higher the reservation wage that would be demanded by a worker.
- Length of unemployment: the longer a person has been unemployed for, the lower the reservation wage.
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Generally, the quotient evaluates a team effectiveness based on the performance and development of teams desired outcomes for the organization.
<h3>What is a personal effectiveness quotient?</h3>
It is a quotient that shows an employee's ability to work well with others and be a team player without having to compromise his/her values.
Now, the quotient of team effectiveness shows the extent at which team members trust and collaborate with each other for the team as a whole.
In conclusion, this quotient is important because its measures how much the team members sacrifices for their organization cause.
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<span>c. handle all of the principal's affairs in one or more areas
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