A Freely Functioning Market

question 43

Multiple Choice

A freely functioning market

• A) will always be efficient.
• B) will fairly reward talent and punish the lazy.
• C) cannot be made more efficient with government intervention.
• D) maximizes freedom of choice.

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Definitions:

Motivation

The reason or reasons one has for acting or behaving in a particular way; in a work context, it often refers to the factors that drive employees to achieve business objectives.

Cognitive Ability

The capacity of an individual to perform the various mental processes of reasoning, remembering, understanding, problem solving, and decision making.

Business Knowledge

Understanding of the aspects and functions of businesses, including management, operations, finance, and marketing.

Empower Others

The act of giving others the authority, means, and confidence to take initiative and make decisions within their roles or tasks.