Obtaining an MBA to Improve The Possibility an Individual Gets a Job in Management - Management Assignment Help

Assignment Task

MULTIPLE CHOICE

1. Human capital includes all of the following except
a. learning how to use a new type of software.
b. obtaining an MBA to improve the possibility an individual gets a job in management.
c. moving from a rural area to a city where there are more jobs.
d. purchasing a new computer.
e. quitting smoking in order to improve a person’s health.

2. Which of the following does not help develop human capital?
a. attending college for 4 years
b. the government investing in public schools
c. a firm purchases another computer so two individuals no longer have to share
d. a parent teaching their children about religion
e. a supervisor training a worker in how to use a new machine in the factory

3. Why do mainly young people attend college?
a. Young people are further from retirement and thus have a higher expected return from college.
b. Young people face lower tuition costs.
c. Older individuals have jobs and would not be able to obtain better employment opportunities if they were better educated.
d. Older individuals have financial responsibilities and children they are unable to leave.
e. Younger individuals are smarter.

4. An individual will choose the optimal amount of schooling so that the return to an additional year of school equals:
a. the individual’s total discounted earnings.
b. the marginal cost of an additional year of schooling.
c. the reservation schooling cost.
d. the expected return from investing the money in the bank.
e. B and D

5. Suppose there are two workers: individual A goes to college and individual B does not. What does this imply?
a. Individual A faces a higher market interest rate.
b. Individual A faces a lower market interest rate.
c. Individual A faces a higher reservation schooling cost.
d. Individual A faces a higher marginal return to schooling.

e. Individual A faces a lower marginal return to schooling.

6. Amanda is less likely to attend college if
a. she is older.
b. she expects to retire at an older age.
c. she values the future more than the present.
d. there is a low demand for college-educated workers.
e. she derives utility from attending classes.

7. If the average earnings of high school and college students declines, then the number of people attending college will:
a. increase.
b. decrease.
c. remain the same.
d. increase only among individuals with high natural abilities.
e. decrease only among individuals with high natural abilities.

8. Which of the following will make an individual less likely to attend college?
a. a decrease in the interest rate
b. an increase in the wage paid to college educated students
c. an increase in the wage paid to individuals with a high school education
d. an increase in the number of years until retirement
e. an increased demand for skilled workers

9. According to the human-capital investment framework,
a. higher ability workers choose to invest more in human capital.
b. education increases productivity, which increases wages.
c. education does not affect productivity.
d. education affects wages by indicating a worker has more innate abilities.

e. workers who choose to attend college are not maximizing their expected lifetime earnings.
 

10. Which of the following is not a great labor market institution involved in accumulating human capital?
a. the government
b. the family
c. schools and college
d. the Internet
e. firms

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