A Key Feature of a Public Good Is

question 119

Multiple Choice

A key feature of a public good is:

• A)overproduction in the private market.
• B)rival consumption.
• C)payment through charitable contributions.
• D)nonexclusion.

Understand job design approaches and their impact on employee performance and motivation.

Appreciate the importance of valid and reliable performance appraisal systems.

Identify and differentiate between major ethical theories including utilitarianism, deontology, virtue ethics, ethical relativism, and ethics of care.

Understand the application of ethical theories to business decisions and dilemmas.

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Definitions:

Goal-setting Theory

A framework that suggests specific, challenging goals along with appropriate feedback contribute to higher and better task performance.

Comparable Worth

The concept that jobs of equal value to an organization should receive equal pay, regardless of the gender or minority status of the job holders.

Valence

The value an individual places on the expected outcome of an action or behavior, which can influence their motivation.

Instrumentality

In the context of motivation theory, the belief that a certain behavior will lead to achieving a desired outcome or reward.