Which of the following is an allocation norm under which all group members receive exactly the same outcome on a project regardless of their individual productivity levels?
A. Propensity norm
B. Need norm
C. Equity norm
D. Reciprocity norm
E. Equality norm
E
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An investor is considering the two investments shown above. Which of the following statements about these investments is true?
Time: Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Discount Rate Investment A: -$1.5 million $300,000 $300,000 $300,000 $500,000 $500,000 8% Investment B: -$1.3 million $500,000 $400,000 $300,000 $200,000 $100,000 7% A) The investor should take investment A since it has a greater net present value (NPV). B) The investor should take investment A since it has a greater internal rate of return (IRR). C) The investor should take investment B since it has a greater net present value (NPV). D) Neither investment should be taken since they both have a negative net present value (NPV).
Which of the following BEST describes what the consumer price index is used to indicate?
A) The average wage rate for a given region B) The economic performance of key consumer product companies C) The changes in the cost of consumer products over time D) The percentage of consumers in the total population looking for work E) The number of price increases within a given period of time