Managerial Economics: A Problem Solving Approach
5th Edition
ISBN: 9781337106665
Author: Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher: Cengage Learning
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Chapter 1, Problem 2MC
To determine
The impact of performance compensation reward program.
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Tom is a retail manager who's training one of his seasoned salespeople on the features and benefits of a new product the company will be carrying. What training method is Tom using?
A. Behavior modeling
B. Role rotation
C. In-basket technique
D. On-the-job training
Give justification for your answer
1. A training program is effective if it promotes learners' motivation. Corporate trainingprograms are meant to meet a lot of goals. Evaluate the importance of motivation in trainingprograms. Provide examples to justify your answer.
The XYZ company is currently evaluating its investment. If Mr. Dela Cruz, the chief operating officer conducted a survey and found that the employees want to put up a gym to make them health conscious, what will you advice Mr. Dela Cruz?
A. put up the gym regardless of their financial condition because it will make the workers happy
B. put up the gym if the marginal benefit is found to be greater than the marginal cost
C. do not put up the gym because it is just an added cost
D. the gym should not be part of the investment decision of the firm
E. putting up the gym will always be beneficial
Chapter 1 Solutions
Managerial Economics: A Problem Solving Approach
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