Before Jeff finally decided to take a job as a telephone salesperson, he was also considering taking a job as a housekeeper on Heron Island Research Station. Which of the following statements is true? As a rational decision-making individual and thinking like an economist, Jeff would only be concerned with his accounting profits. a. As a rational decision making individual and thinking like an economist, Jeff would only be concerned with his accounting profits. The wage Jeff could have earned as a housekeeper, after taking the telephone salesperson job, is an implicit cost. If Jeff is earning an economic profit now as a telephone salesperson, compared to being a housekeeper, then he must have failed to cover his opportunity cost. The wage Jeff could have earned as a housekeeper is a sunk cost. If the telephone sales market is perfectly competitive, then Jeff would be able to set the price he charges.

Darren is searching for a new job in Brisbane. He pays a $150 fee to join a job website called "Jobs in Brisbane" where he will conduct his search. He is currently employed and is paid $50,000 annually but would like a job that pays more. Darren values his free time the same as his hourly rate which is $30/hour. Which of the following statements is true? Darren should search until he knows all the available jobs in Brisbane. The opportunity cost of Darren searching for a new job is $50,000. Within the first three hours of searching Darren doesn't find a job and so he should give up and return to his current one. Darren should search until the value of his searching reaches thirty dollars an hour. Darren should factor in the $150 fee he has already paid to use the website.

Which scenario most accurately represents James Green's reasoning?A.Paying a woman the same as a man will make it harder for the man to support his family.B.A business that encourages everyone to succeed will see more profit and growth.C.If Denise and Tom do the same work, they will both be able to provide for their families.D.If George and his wife earn the same salary, they can feel financially secure.SUBMITarrow_backPREVIOUS

Answer the questions below.(a)A phone company determined that a higher income indicates that a customer has a more expensive calling plan. What does the analysis show?There is no correlation between income and calling plan price.There is a correlation between income and calling plan price. There may or may not be causation. Further studies would have to be done to determine this.There is a correlation between income and calling plan price. There is probably also causation. This is because there is an increase in the calling plan price with an increase in income.(b)A produce stand conducted a study. It showed that a customer does not tend to buy more or less fruit when more samples are offered. What can we conclude?There is no correlation between amount of fruit bought and number of samples offered.There is a correlation between amount of fruit bought and number of samples offered. However, there is no causation. This is because there is probably an increase in the amount of fruit bought with an increase in the number of samples offered.There is a correlation between amount of fruit bought and number of samples offered. There may or may not be causation. Further studies would have to be done to determine this.(c)Diane compared the player statistics from her team's soccer season. She determined that having less playing time implies that a player scores fewer goals. What should she say based on her findings?There is no correlation between playing time and number of goals.There is a correlation between playing time and number of goals. There may or may not be causation. Further studies would have to be done to determine this.There is a correlation between playing time and number of goals. However, there is no causation. This is because there is a decrease in the number of goals with a decrease in playing time.

mong the following situation, which does NOT show productivity?Group of answer choicesA professional who has a job in the companyAn individual offered a job and declining it.A family member who did household choresA student who did his/her task in school

What was once a rewarding and fulfilling position now became a chore and David lost interest in his work. Eventually, as staff cuts were made to incorporate the new employees from Commercial Bank, David was made redundant and was referred to a recruitment agency for outplacement services.Although David’s career had plateaued somewhat, he was devastated that his career was over with Global Bank and was extremely concerned about his future employment options. He believed that although he had developed sound skills in banking, particularly in lending, he would be very limited in new career opportunities outside of those areas. However, after several consulting sessions with the outplacement service, David realised that he had indeed developed many skills throughout his career that were in fact transferable to other work contexts.Similarly, during David’s banking career he had established quite a network of contacts and it was through these contacts that David was soon offered a position as an insurance broker with the firm Secure. Secure had an excellent reputation in the industry and placed strong emphasis on induction and training of new staff, as well as professional development of existing staff. Having completed the induction programme, David embarked on his new career armed with his company car and new laptop. David enjoyed much success in his new role and was an instant hit with his new clients, as they were impressed with his knowledge and experience. Secure offered flexible work arrangements, such as variable work schedules, to their employees to accommodate both their brokers’ needs, as well as clients’ needs. David enjoyed the option of working from home on certain days to avoid distractions and was even able to structure his time so that he could collect his children from school each day. In addition, David found that he could manage his time more effectively by being able to complete all of his processing work early in the morning, which was when he worked best. In terms of remuneration, David was now receiving a similar base salary to his previous role, however in his current role as an insurance broker he was also eligible for commission on each sale that he made. This was indeed a rewarding incentive to increase his sales that he had not previously enjoyed. In his previous role David had avoided training and development programmes, as he thought as well as being a bit of a waste of time, that he was too old to learn new skills and he had already risen to a fairly senior level within the organisation and he was comfortable at that level. David now regularly attends professional development programmes and industry conferences in his new role, seeing them as valuable opportunities to further develop and refine his skills, as well as a chance to establish important networking contacts.After three fulfilling and successful years in the role of insurance broker, David became aware of a fantastic new opportunity for a sales training manager with a new company establishing a finance and insurance business. With such an excellent sales and customer service record, well developed presentation skills, and strong previous management experience, he succeeded in securing the role. David couldn’t believe what a difference a change in career had made to his life and how much he now enjoyed his work. Having originally worked in an organisation that he thought he would be with for life with a very rigid organisational structure and fairly traditional values, he was now in a position that he loved with flexible working arrangements in a progressive and dynamic industry.Written by Ross Donahue and Tse Leng Tham  Discuss  Q 1      What aspects of David’s experience suggest that he is following a protean or boundaryless career?Q 2.     What HRM initiatives could be introduced at the new finance and insurance organisation that David has joined to assist his career development?