Mgmt1000 midterm exam - Study guides, Class notes & Summaries

UM MGMT1000 Midterm Exam Questions and Answers All Correct What is ego strength? - Answer- a personality measure of the strength of a person's convictions What is high ego strength? - Answer- A person is more likely to resist the temptations to act unethically What is locus of control? - Answer- the extent to which people believe they control their destinies What is internal locus of control? - Answer- They believe they can control themselves What is external locus of control?...

MGMT1000 Midterm Exam Questions and Correct Answers (Already Graded A+) A farmer who sells pineapples is looking to sell his crop for $1 a pound. He knows the equilibrium price is $1.20 a pound but wants to sell his pineapples below this price anyways. Using the law of supply and demand, what will happen to his profits? - Answer- While he will sell more pineapples, his profits per pound will be less than the equilibrium price, meaning there is no incentive to drop the price A global consum...